Clearly, the focus going forward is going to stay on the macro news to either enforce or dispel the notion that inflation is rising,
More Quotes from Ned Riley:
It's something of an uplifting experience for us in the investing community to see that companies really are taking their accounting seriously. An exercise that CEOs seemed to treat as rote and automatic is viewed totally differently.Ned Riley
This is an opportunity, ... You can find some health care stocks with price- earnings ratios, ironically, more cheap than they are in the cyclical area. The health care group of stocks that I like sell about 28 times earnings and have growth rates of 14 percent.
Ned Riley
I think some buyers have actually been attracted to the fact that the market has been down so big (this week) even though there may be extensive damage as a result of Rita. Clearly people are concluding things will continue to go on and that the economy is resilient enough to take another blow,
Ned Riley
Fears about the next scandal seem to have eased. It's not very exciting, but it's a period where a lack of news is almost good.
Ned Riley
Competition's going to get a lot more intense, ... We know that one of the biggest products, Viagra, has been a blockbuster drug and there's more competition coming in next year. There's a new drug going to be introduced next year, and that supposedly has a much more effective impact on patients.
Ned Riley
Investors' vision is being blurred by what's going on overseas. War news is a convenient excuse to sell.
Ned Riley
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No idea is so antiquated that it was not once modern. No idea is so modern that it will not someday be antiquated.
Ellen Glasgow
God gave me a voice to sing with, and when you have that, what other gimmick is there?
Whitney Houston