There has been a dearth of negative news, which to the market has to be a sign of good news.
More Quotes from Ned Riley:
These companies are actually growing, ... The whole group is growing somewhere between 10 and 13 percent relative earnings growth and the price-earnings ratios are about 13 to 14 times. It's one of the few groups out there that are actually selling at their growth rate in terms of price-earnings ratio. And, right now, it's strange -- people don't like the group. It isn't a hot group.Ned Riley
Investors are starting to exercise one of the golden rules of investing, ... And that's buying when the news is the bleakest.
Ned Riley
Clearly it is not much of a surprise. There was a very strong feeling he would try to establish himself as an inflation hawk.
Ned Riley
A lot of people should not pay attention to the ups and downs daily because clearly they cannot discern the next week or two weeks in terms of trends in the markets. Where do you want to put your money long term, and I stress long term. We always advocate a very strong diversification.
Ned Riley
One of the pockets of strength has been in the health care area. You could flip a coin on the Nasdaq -- it's been a very tepid and guarded rally in the Nasdaq . But I think the Dow gains will prevail.
Ned Riley
I think we'll probably get a brighter picture on retail sales for Christmas, which could (inspire) people a little bit and help the short term.
Ned Riley
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