For some reason, today we're painting the whole picture with a broad brush and a few profit warnings are really damaging that landscape for the companies that are good (performers).
More Quotes from Barry Hyman:
The stocks that are up today are euro-based, ... Let's hope we can make the case that the euro problem is closer to (being) resolved than before and that's a good sign today. Whatever overhanging concerns can be relieved will help the market.Barry Hyman
Next week's retail sales numbers and inflation numbers are going to be some key statistics to give us a little bit more input into where the Fed stands.
Barry Hyman
The problems are the same Interest rates are high, and the economy is strong. It is affecting those sectors that are credit sensitive.
Barry Hyman
People are just looking at the fact there was no other news out there today since the LSI earnings to really affect the market but there was a little bit of bargain hunting, ... LSI was a sector story but it was enough, with the nervousness going into tomorrow, to bring some selling onto the market.
Barry Hyman
We think 3.5 percent is a good point for the Fed to take a break to measure the economy and the impact of its rate hikes. If the economy does appear to be picking up, they could start raising again.
Barry Hyman
Cisco's story was that inventory concerns and demand driven problems are not fixable as early as Wall Street expected, ... People are understanding the impact of what Cisco said. Wall Street wants to believe things are rosy in that sector and they're just not.
Barry Hyman
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Based on Topics: Reasoning QuotesGrowing up training, I use to get up so early I would wave to the garbage men going by. So, I had this relationship with Blue Collar America and I really liked it. I felt that lots of those people looked forward to me winning.
Gerry Cooney
And thought struggles against the results, trying to avoid those unpleasant results while keeping on with that way of thinking. That is what I call 'sustained incoherence.
David Bohm
A doctrine serves no purpose in itself, but it is indispensable to have one if only to avoid being deceived by false doctrines.
Simone Weil