181 Quotes by Ned Riley
- Author Ned Riley
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This has probably been the most-telegraphed rate cut of all time. The market had already anticipated this. Now they are asking: How much more can I get?
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- Author Ned Riley
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We're at the end of the quarter and people are consolidating a little bit. April could look better if we can see some tech names assert leadership.
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This would be a short-term stimulus to personal computer manufacturers, semiconductors and the whole gamut of technology companies.
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The focus point of the market this week is going to be tomorrow. If anything, I'm hoping for neutrality out of the Fed.
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The Enron hearings aren't going to help a lot.
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The question is what are the real earnings.
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We do have a little bit of a role reversal. The vulnerability is that (tech) stocks are priced at such levels that any disappointment leaves investors with a quick and sour taste in the mouth. Today's action reflects a little insurance being taken out that if somebody falters, it will bring the others down.
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The hesitancy is still there for the simple reason that companies have another two weeks of warnings before results are actually announced.
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The inclination is toward selling the rally instead of buying on the dips.
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