Today the market caught the double-dip disease. Recent economic data, like yesterday's [Tuesday's] consumer confidence number, seems to corroborate opinion about deceleration in growth. -Ned Riley

 

Today the market caught the double-dip disease. Recent economic data, like yesterday's [Tuesday's] consumer confidence number, seems to corroborate opinion about deceleration in growth.


-Ned Riley
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This quote is just one of 9 total Ned Riley quotes in our collection. Ned Riley is known for saying 'Today the market caught the double-dip disease. Recent economic data, like yesterday's [Tuesday's] consumer confidence number, seems to corroborate opinion about deceleration in growth.' as well as some of the following quotes.

We're going to see more of the same for the next few weeks, unless something comes in that indicates a pick-up in activity in the economy or on the corporate level.

Ned Riley

But after all the corporate governance issues, there's a tendency now of erring on the side of ultra-conservatism in terms of what companies say about future quarters and that's going to continue.

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

This is sort-of the real dead period for the quarter and it's also the summer, and a lot of people are on vacation.

Ned Riley

But it's also a dangerous period. There isn't a lot of news and the volume is low, so the market is going to move more on rumor than on fact.

Ned Riley