This is just a continued consolidation in the industry on a global basis. You're seeing Credit Suisse take a bigger stake in the research end of things -- it's good for Credit Suisse because it gives them better asset management and greater size.
More Quotes from Barry Hyman:
In the face of geopolitical tension and oil up almost 4 for the day, the market held up extremely well. Today could've been a nasty day, but everything still performed well. This was a decent end to a lackluster week.Barry Hyman
I do think the Bali bombing is weighing on the market today.
Barry Hyman
It's a consumer company that sells personal care items, ... At 11 times earnings, I think it is too cheap to be ignored. I think it is a 15 stock.
Barry Hyman
There's going to be this flip-flop next week and continually until we get through earnings season, going from earnings to worrying about the economic slowdown and what inflation brings so I think next week is going to be marked by that. We're getting to the point where the market needs good earnings. It needs to have a catalyst to get the growth sector moving again.
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
(Microsoft) has been trading like the company (had already) lost the antitrust case against the government. The stock has been extremely weak compared to its sector and especially since the company has already reported earnings.
Barry Hyman
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