I think there's a concern about the economy so I think you'll see conciliatory talk (from Fed governors). We seem to rally into Fed meetings so I would expect a slightly upward bias.
More Quotes from Barry Hyman:
The ability of Intel to come out and say a 'no worse than expected' story pleased the market. There are many other corporations in technology that are in that position so that if the slowdown is just a slowdown, there's good upside in many of those issues.Barry Hyman
You're getting a lot of positive sentiment in the market and a lot of rotational shifting toward growth, ... It doesn't say that earnings are going to be better but it does lead one to believe that a lot of the bad news may already be built in.
Barry Hyman
We need some inference from the Fed that interest rates beyond June are in doubt,
Barry Hyman
For the market to make a convincing case that we've ended the decline, it's going to have to put together a few days in a row of advances or people are going to look upon up days as an isolated situation.
Barry Hyman
The markets do not like global crises, whether they're political or economic. They do have ramifications in the world. Our export market may be hurt somewhat due to that.
Barry Hyman
The market is built on momentum and liquidity, ... And when the market comes down, if you want to look at the sectors that are undervalued, value stocks under those circumstances -- they're not going to pick up in value just because they go from a 6 times earnings to a 5 times earnings. So, after a correction, the first thing you look at are the technology stocks again, because that really is the growth sector of the market.
Barry Hyman
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