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Letter "N" » Ned Riley Quotes
«What really happened today is the retail sales report set the right tone, ... It appears that consumer spending is down.»
«If the Fed is committed to slowing the economy, then I do think demand for technology will slow.»
«This is one (year) that's gone according to the script.»
«Any (profit) short-fall in that growth rate at 110 times earnings means there's some risk in these stocks.»
«Today's market and the market in September reflect skepticism around the sustainability of this incredible trend in demand in the economy and tech products in particular, and also in profitability.»
«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.»
«The Dow seems to be lifted because people are trying to resurrect the old growth stocks and giving them another try as a safe place to hide. The perception is that some of these companies are not currency- or energy-dependent enough for earnings to get hurt.»
«There's an old saying that out of chaos comes opportunity.»
«Until we get to that point where investors truly feel that there is no floor to stock prices, that isn't the full capitulation. There's still an unusual amount of optimism.»
«We have been victim of the success of the markets.»