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.
More Quotes from Barry Hyman:
Our look for the rest of the year is we're going to rally and worry. We're going to rally and worry some more. And we're going to rally again. I think the concern or the 'worry period' that we're now entering is this cyclical issue again, after this run up in the semiconductors sector and the third-quarter prerelease season, which we're quickly coming to. And I think that's going to give the opportunity for the next run up in the marketplace, which should come somewhere over the next few weeks into the election. The good news, as you pointed out, is that the Fed's done,Barry Hyman
It's been a very surprising and volatile last couple of days. Today, speculation came back into the market. We seem to be jumping to a conclusion without an assessment.
Barry Hyman
There's concern in the markets that higher oil prices may hurt the economy.
Barry Hyman
The problems are the same Interest rates are high, and the economy is strong. It is affecting those sectors that are credit sensitive.
Barry Hyman
That's going to dominate the market today until we get more information. A potential story like this from an OPEC producer brings up the worry that oil can spike to new highs very easily. We see the reaction in equities when oil goes higher. It stops equities in their tracks.
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
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