Ned Riley News Quotations

The bad news could actually be fully discounted in the stocks themselves,

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.

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.

Investors are starting to exercise one of the golden rules of investing, ... And that's buying when the news is the bleakest.

It is another piece of good news in that it leaves the Fed in an unfettered position to exercise more discretion in monetary easing. Because the economy has displayed such weakness and inflation has been non-existent with the exception of energy-related prices, the short-term inflation number may be less relevant.

The big news is clearly the payroll report.

That's imposing a ceiling of sorts on any rally. But the good news is that at the end of next week, tax-loss related selling may abate dramatically.

The economic news today has not been very supportive of a strong economic scenario.

There has been a dearth of negative news, which to the market has to be a sign of good news.

Ignore the negative economic news because the market's discounted most of it,

Clearly, the focus going forward is going to stay on the macro news to either enforce or dispel the notion that inflation is rising.

What's going to be key over the next week and determine how stocks perform is the interplay of pre-announcements versus brokerage upgrades. The corporate news will become more relevant than the economic news as we get closer to the period of quarterly reporting.