There was rotation out of the strong sectors into the weak sectors, ... Techs really got hammered. Volatility, up and down, means there are just as many sellers as buyers, and people think the (semiconductor) sector might be a little pricey, especially as we come into an economic slowdown.
More Quotes from 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
Since the perception is that the market's going to rally tomorrow, why not buy today.
Barry Hyman
It's big because it's at a very substantial premium and it means something toward the world of further consolidation in brokerage. I think people are going to be scouring to see what could be next.
Barry Hyman
There really isn't any dramatic news to come out post-Fed we're going to get into that earnings void, the next meeting for the Fed isn't until late June, so I think the story is how well the pullback in this market will be contained.
Barry Hyman
With McDonald's you get a minor dividend of 1 percent and right now, where it's trading, around a 13, 14 price-to-earnings ratio, it is very reasonable, ... A little bit below the SP average at this point.
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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