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

Ned Riley says the cold housing market is a big problem for the economy

One of the biggest problems we've got is that we can flood the system with money but the banks don't turn around and lend it where it's needed. The housing industry is still on its back. If you try to get a refinancing of a mortgage, it takes you four to six weeks minimum just to get them to look through your applications.

The banks are still parsimonious in handing out any money toward the housing market. A purist, somebody that has high credit ratings and everything else, can't get an equity line of credit for about two months. So, Bernanke's nice to give us all this money, but the banks have pressure, big pressure, because the lending offices aren't giving the money away.

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

Ned Riley says ignore negative news

The more negative news that comes out, it sounds crazy, the better off I feel because people have not embraced the bull market that, really I think, is only in the second or third inning.

~Ned Riley, CEO, Riley Asset Management, CNBC "Power Lunch", October 11th, 2010

Ned Riley: Dow 14,000 (2010)

I still think stocks are going much higher. I've set a target of 14,000 on the Dow before we have to worry about different things... I really think that people are frightened, they are on the sidelines. Joe [Battapaglia] is right, the consumer isn't really bouncing along, and that's my second phase of economic recovery. That'll be the area which will eventually bring us enough revenue to kick profits even higher.

~ Ned Riley, as appeared on CNBC, April 9, 2010