The activity and action in the market is very positive and I think the bias of this market is up.
More Quotes from Ned Riley:
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.Ned Riley
There are worries about mechanical failures, lost ballots, all kinds of things. But I think the market is prepared for a delay in the results. I don't think it will be as much of a surprise as it was in 2000.
Ned Riley
A lot of these stocks were much higher a year ago than they are today. Clearly, the bottom-fishing issue is important and real.
Ned Riley
We have been victim of the success of the markets.
Ned Riley
What really happened today is the retail sales report set the right tone, ... It appears that consumer spending is down.
Ned Riley
It's going to remain a war reflected week with a bit of economic news on the side. Clearly, this anniversary is not one to be cherished by many, but we should look at the conditions then compared to the conditions now. There is little hope of a recovery and little enthusiasm for a sharp profits increase. We are in the irrational fear stage, and understandably so.
Ned Riley
Readers Who Like This Quotation Also Like:
When a man forgets himself, he usually does something everybody else remembers.James Coco
Old men are fond of giving good advice to console themselves for their inability to give bad examples.
Francois de La Rochefoucauld
My wife and I are a team, and it's good for my work because I'm interested in working from a stable base.
Tom Sizemore