Ned Riley Believe Quotations

I believe this is the beginning of a strong move higher.

I believe the group is going to be able to grow at least 8 to 10 percent in the future and I think the S&P earnings are going to slow down to maybe 7 or 8 percent, ... So this group could have actually a premium growth rate and yet a discount to the market that's, at least, 50 percent, if not lower.

I don't believe in these kinds of indicators, but I do believe in momentum. The momentum in January was good and I do think we will have an up year, but not because of an indicator.