I think the picture is optimistic and earnings in general have been better than expected.
More Quotes from Barry Hyman:
There really isn't any dramatic news to come out post-Fed we're going to get into that earnings void, the next meeting for the Fed isn't until late June, so I think the story is how well the pullback in this market will be contained.Barry Hyman
The moves in media stocks are never earnings based.
Barry Hyman
I'm neutral on the market here, as I believe stocks will be caught in a range as investors try to figure out the story of inflation and economic growth going forward.
Barry Hyman
Retail sales numbers were stronger than expected, and that shows that consumer are still spending, and I think that is weighing on the market today and it should. But it's not weighing on the Nasdaq, where you're seeing those really good earnings reports. People really regard tech as the place to make money.
Barry Hyman
The market rally this week supported a growing opinion that January 31 will be the last interest rate hike.
Barry Hyman
I believe that the future of McDonald's is going to be their international growth. Let's not forget what President Bush is trying to do in Russia. Russia eventually is going to have to be our friend versus all this nonsense terrorism that's going on in the world, ... So, does the overseas market concern me It doesn't because they are looking to marginalize that growth of 1-to-2 percent and diversify at the same time. I think the bad things are behind it and I like the stock.
Barry Hyman
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