The trend with the earnings has been that if you beat the estimates strongly, you get rewarded, but if you miss, you get hammered.
More Quotes from Barry Hyman:
There is a substantial group of investors who believe the stock market will start to anticipate an (economic) recovery. The more rate cuts we get, the more likely the recovery is -- I'm looking at this as a 'buy the dip' opportunity.Barry Hyman
I do believe an investor shouldn't change their philosophy just because it's post-Fed, ... I think the aggressive, more short term oriented philosophy that has worked the first seven months of the year will still be the philosophy until that strategy is proven to be wrong.
Barry Hyman
It's going to be another confidence building story the closer we get to the Fed meeting, ... I believe that the unemployment rate and the NAPM numbers will be the key numbers.
Barry Hyman
The price of oil and the weaker euro is absolutely having an impact, ... This is a market searching for a reason to go higher but this is a core root economic problem that could exist and the market is quickly coming to the belief that there is no overnight fix.
Barry Hyman
It was unanimous we'd have a year-end rally until the yield curve inverted. We wanted to close the market on a high note this year, but now we're worried that the 2006 market will have to deal with this. The next Federal Reserve meeting will be extremely critical. We have to hope this isn't predictive of a recession or a slowing economy.
Barry Hyman
We don't have a predominance of negative news, day-to-day, in terms of economic events.
Barry Hyman
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