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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
BECKY QUICK, CNBC ANCHOR: In the meantime, we`ve been telling you Katrina`s winds keep blowing. Oil is off its highs of the session and stocks are popping right now. Let`s get right to our Bull and our Bear to find out more about this. In for the Bulls today, Ned Riley. He`s the president and CIO of Riley Asset Management. He is going up against our Bear, David Kotok, who is the chief investment officer of Cumberland Advisors.
Welcome fellows. Ned, we took at look at these markets earlier today, it looked like things were very concerning before the open. Right now, it doesn`t look like there`s too much to worry about with Katrina at least from the market`s perspective right now. Oil is not moving higher. What do you make of all this?
NED RILEY, PRESIDENT/CIO, RILEY ASSET MANAGEMENT: Well, unfortunately, I think Wall Street is so objective about markets. Clearly, they`re looking at the economic impact versus obviously, the human life aspect of this thing and have concluded that the hurricane is...
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