A lot of money left the sector last week over concerns that valuations were just too high. But there's still a lot of interest in technology.
More Quotes from Barry Hyman:
This is a time to be very diversified and avoid taking chances. Sometimes being a spectator is not a bad idea.Barry Hyman
There is a little bit of profit-taking and a little bit of nervousness as we go into Thursday's GDP number, ... The durable goods number was a little stronger than expected. That shows continued strength in the economy. That is not what you want to see right now.
Barry Hyman
Right now, it's a search for names, just like it was in the Internet sector, where you started with the big-cap ones and then you went to the smaller- cap ones,
Barry Hyman
I think we are still in a consolidation period, ... and I think we can't afford to overlook the impact of the economic news on the market. You had a retail sales number this morning that was in line but nothing spectacular and a rise in jobless claims.
Barry Hyman
You do have some impetus today but there's little conviction and little volume. I didn't see any specific reason behind the rally - people may be just trying to outguess the outcome (of the Fed meeting).
Barry Hyman
Earnings are coming in better than expected, and they're helping the market preserve the rally, but the overriding concern to me is high energy prices and what the Fed is doing.
Barry Hyman
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Based on Topics: Computers & Technology Quotes, Money & Wealth QuotesIt will be sufficient to point to the enormous burdens which armaments place on the economic, social, and intellectual resources of a nation, as well as on its budget and taxes.
Ludwig Quidde
But to put out a greatest hits on one CD was totally impossible, I just couldn't do it. The best compromise was to put out two CDs - Early Days - which is what it is - and Latter Days.
Jimmy Page
And it was out in the theaters in two weeks. This is not, 'We're going to develop twenty-five and maybe one's going to get made,' so the first three things I wrote got up on the screen and, good, bad or indifferent, I got to see them on their feet.
John Sayles