It's a function of anxiety on the part of investors. People are saying that capital spending is weakening and the commitment to longer-term capital has waned a bit.
More Quotes from Ned Riley:
The fundamental environment, because we still have a whole host of earnings reports to come out, could work to slow the rally. But much of the pain and punishment has already been absorbed prior to the end of the quarter.Ned Riley
There was a combination of things that really depressed it. One was Hewlett-Packard's shortfall and we had a sympathetic sell-off using the political environment as a backdrop, ... Ironically, IBM remained the stalwart and it probably gave the notion of s
Ned Riley
It's funny to watch the evolution of an index that was relatively unknown for its first 15 years. If you really want to expose your portfolio to leading-edge technology companies, the Nasdaq has the bulk of those stocks.
Ned Riley
It will be one of those days where we wait and see and hope and pray that tomorrow's CPI data will not be taken with too much negativity,
Ned Riley
The only concern I do have is I'd like to see a couple more months (of data) put together here before we declare this torrid, hot economy as into another phase of gearing down. I'm not as optimistic yet that we have slowed everything.
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
Readers Who Like This Quotation Also Like:
Based on Topics: People QuotesBased on Keywords: longer-term, waned
The goal with a big piece of social legislation is to have a bipartisan result, so the country will accept it.
Lamar Alexander
I think my resignation was the only way to avoid bloodshed.
Eduard Shevardnadze
Despite all the technical improvements, it still boils down to a man or a woman and a microphone, playing music, sharing stories, talking about issues - communicating with an audience.
Casey Kasem