Global markets are the best investment at this point. The growth story developing globally is strong, the companies have better valuations, and the trend is doing well.
More Quotes from Barry Hyman:
The market gets extremely concerned on (long-term) interest rates when they get above 6 percent.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
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
The traditional year-end rally didn't happen this year and the 'January Effect' doesn't look like it's going to occur. This is just a wait-and-see market right now that will continue to be driven by important catalysts, whether geopolitical or earnings-based.
Barry Hyman
The productivity numbers today (Thursday) and tomorrow's (Friday's) report do nothing to support a bullish market, ... I would be concerned if we saw the unemployment drop below 4 percent because that would show the economy is not slowing down.
Barry Hyman
Profit taking will be key words today (Thursday) and over the next couple of weeks, ... The Fed's rate cut yesterday bodes well for the longer term but near term it is an excuse to take profits. Cisco's story is another excuse to take profits in technology.
Barry Hyman
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I'm retarded - I mean I'm retired.
Frank Serpico
I've always seen my drumming as lyrical anyway.
Jimmy Chamberlin