I think we are just mired in interest-rate concerns until we get some clarity on rates.
More Quotes from Barry Hyman:
A lot of money left the sector last week over concerns that valuations were just too high. But there's still a lot of interest in technology.Barry Hyman
The 10-year bond looks like it's headed higher, so I think the feeling is starting to pervade Wall Street that economy's fine and interest rates are heading higher. But the market has (also) been choppy and struggling with some key technical levels.
Barry Hyman
As long as we continue to see good earnings and the reaction to good earnings positive, then you will see Nasdaq as the sector of choice. The Dow is being weighted by this conflicting (economic) story -- stronger consumer spending and OK-looking inflation numbers. But the tech (sector) is merrily rolling along.
Barry Hyman
It's either down or up. It's great for traders it's noise for investors.
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
It's nothing more than rotation. I think people on Wall Street can no longer walk and chew gum at the same time.
Barry Hyman
Readers Who Like This Quotation Also Like:
You know that was much more of a kind of cameo, I love the movie, I love the story, I love Johnny as a fun little role but it was more of a cameo, not anywhere near as developed as this role.Oliver Platt
And the invention of transformations of certain figures has become the most important in musical composition.
Karlheinz Stockhausen
I love this country very much, and I'm proud to live here, but I think our current administration is extreme. These are not merely conservative people, these are extreme right-wing people.
Ed Harris