Right now I think you're in the indiscriminate phase of selling. There's more of (a feeling of) anticipation and paranoia about the possibility that some of the Dow stocks could disappoint even further.
More Quotes from Ned Riley:
This is clearly a holiday-impacted trading day, as volume indicates. I do think the market is acting extremely well. The Christmas rally that people eagerly awaited is here, but it's taking on something of a more subtle tone.Ned Riley
People are joining the camp of easier money for a longer period of time. The Fed should be willing to provide any and all support.
Ned Riley
Today we're in the bottom- fishing mode and there are a lot of people who think the tech correction is complete and we've established our lows for this cycle.
Ned Riley
Fundamentally, I think that many of the reports, from companies like Intel, Apple and IBM do portray a relatively sound tech environment. But people are anxious right now generally.
Ned Riley
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Based on Topics: Sales Quotes, Selling QuotesBased on Keywords: dow, indiscriminate
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