Cornerstone In The News

John Riley, Cornerstone's Chief Strategist, has been sought out by various media outlets for his unique and direct opinions on the market. Below are several samples of quotes by John Riley. As you will see, Cornerstone was concerned about the markets and debt long before the majority saw what Mr. Riley saw as obvious.

Toronto Globe and Mail - 10/31/08 - But John Riley, Texas-based president and chief investment officer of money management firm Cornerstone Investment Services, warned that bear markets have a way of preying on investor optimism – and that could be what has been happening over the past three days.

“A bear market's purpose is to hurt as many people as much as possible. And bear market rallies lure in people who still have hope,” he said. “We still have hope in this market.

“When hope is gone, that's when you have the bottom of the bear market.”

Toronto Globe and Mail - 07/18/08 - Are there any winners in a financial market Armageddon? John Riley thinks there could be. And it turns out that we Canadians could be sitting in a (relatively) good place should the roof cave in. Mr. Riley, president and chief investment strategist at Rhode Island-based financial advisory firm Cornerstone Investment Services, published a report yesterday entitled “Worst Case Scenario,” which revolves around a major meltdown in the U.S. banking sector.

San Diego Union Tribune - 01/10/06 - John Riley, who heads Cornerstone Investments in Rhode Island, said a slowdown in the housing market could contribute to eroding consumer confidence and spending, which should end the rally.

"Our position is, the economy has been fueled by debt – consumer debt, mortgage debt," he said. "As soon as the debt flow curtails and people stop using their homes as ATMs, that's going to have an impact on the economy."

Hispanic Business -March 2005 - But investors should remember to play defense first. “Our first priority is managing risk,” says John Riley, CEO of Cornerstone Investment Services in Providence, Rhode Island. “For every investment within a portfolio, we have an exit strategy. We have multiple ‘if, then’ scenarios already planned out. … We already have a strategy in place and are able to anticipate instead of react to events and news.”

Journal of Financial Planning - November 2002 - Is Alan Greenspan Rewriting History?
Riley calls Alan Greenspan’s recent Jackson Hole speech an attempt to protect his legacy and take the blame off his shoulders for the bubble that developed under his watch. Greenspan, says Riley, attempted to rewrite history when he says the Fed didn’t have the data to determine if there was a bubble or not and says that no one had the data.

Is that so?” asks Riley.“We had the data. Is Chairman Greenspan ready to admit that a small money management firm in Providence, Rhode Island, had better data than the Fed? Because we knew there was a bubble in 1999. He also said there was nothing the Fed could do about the bubble even if they saw one.This simply isn’t true. Had they raised rates earlier, changed margin requirements or even influenced changes in tax rules, the bubble could have been taken under control and the resulting fallout from the deflating of a much smaller bubble would be much less than we are seeing now.”

The Denver post - 08/18/02 - “We’re looking at an economic heart attack in front of us,” said John Riley, president of Cornerstone Investment Services, a money management firm in Providence, R.I. “We’re faced with owning up to the excesses of the late 1990s.”

USA Today - 04/17/00 - This slide could last for years, says John Riley, president of Cornerstone Investment Services. "This bear must erase the previous bull's years of excess," he says

National Post - 09/04/99 - But most money managers and advisors show a heavy bias toward bullishness, says John Riley at his Web site www.cornerstoneri.com /whosays.htm. While he concedes no one can predict the market on a day to day basis, 'good advisors will recognize overvaluation when it stares them in the face, (and will hopefully protect their clients.)'

Experience the
CIS DIFFERENCE

Meet Your
INVESTMENT TEAM

Quotes From Cornerstone
IN THE NEWS

What Are Others Saying About Us?
CIS FORBES PROFILE

Want To Join The Team?
CAREER OPPORTUNITIES