Nov 11, 2010

Ned Riley says he's no permabull

I don't sell into the rally, Larry. You've known me for the last few years, I've been bullish as heck on the market, I continue to be so. The market's moving, I only think it's in the third or fourth inning of this bull market. Lookit, we've had a ten year bear market, the S&P has almost doubled earnings and the market is still down 20%. I think this is the beginning of a big bull market and as long as the skeptics stay out there, I'm very happy.

When people start saying that equities are the best long-term investment for your portfolio, I'm gonna run for the hills.

~ Ned Riley, Riley Asset Management, CNBC's "The Kudlow Report", November 4th, 2010

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