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.
More Quotes from 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 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
For that to happen, you need the stocks to drop 50 percent this year. The picture in the telecom sector is not improving.
Barry Hyman
I don't think we're going to buck the September trend, and I don't think we'll see a big sell-off. I think we'll see some rallying through the next week, and then a small pullback after that in late September, judging by the cycle the market has been going in.
Barry Hyman
Right now, it's a search for names, just like it was in the Internet sector, where you started with the big-cap ones and then you went to the smaller- cap ones,
Barry Hyman
This is more of a short-term perspective and I don't see any commitment by institutions. But a diversified portfolio is doing well here.
Barry Hyman
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Based on Topics: Abilities Quotes, Past QuotesIf one cannot enjoy reading a book over and over again, there is no use in reading it at all.
Oscar Wilde
It must be wonderful sport to contradict each other.
Queen Juliana
I saw a report yesterday. There's so much oil, all over the world, they don't know where to dump it. And Saudi Arabia says, 'Oh, there's too much oil.' They - they came back yesterday. Did you see the report? They want to reduce oil production. Do you think they're our friends? They're not our friends.
Donald Trump