I don't think the economy can really withstand the equity markets dropping down and giving back all of its gains that would really hamper consumer confidence. The one thing that has changed is psychology it's time to look forward to what the effect interest rate cuts mean for the economy.
More Quotes from Barry Hyman:
I do believe that the Fed is going to talk a little bit tough and say that it's a little bit too soon to accept the fact that we're seeing this slow economy to the extent that it's going to satisfy the Fed. And I believe that is what is going to keep the market in check. And it's another situation the Fed wants to try to control. They do want to keep this market in check. And we're going to have a slowing economy, and it's going to have dramatic effects on how investors look at the investment horizon going forward, at least for the next half of the year as we adjust to this slowing economy and the eventual peak in interest rates,Barry Hyman
It is quite astounding. One week revenue-based companies are forbidden (psychologically) from investors' minds and one week later, as interest rate (fears) return, technology (stock) is the place to be because they are less affected.
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
The CPI will still have an influence on the Fed meeting. You are in a bear market in technology stocks and you'll have to accept that. You're not going to get anything significant until the second half of the year.
Barry Hyman
The market has created this wealth effect because there have been a lot of gains over the past two or three years, ... That has provided the ability for consumers to increase spending on regular goods and luxury goods.
Barry Hyman
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).
Barry Hyman
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Based on Topics: Confidence QuotesSo far things are going my way. I am known in the hospice as The Man Who Wouldn't Die. I don't know if this is true or not, but I think some people, not many, are starting to wonder why I'm still around.
Art Buchwald
I get up around 6:30. I work from about 8:00 to 1:00, take a break for lunch, work again until about 5:00, and then go for a long walk and have dinner. Then, if my wife and I have no previous plans, we decide what to do for the evening.
Chaim Potok
It's about what happens on stage, whether we can deliver it in a hungry way that is who we are in our hearts.
Nikki Sixx