We've been stuck in an extremely narrow band for the last few weeks, and this could break us out.
More Quotes from 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
The retail sales numbers we saw should have presumed a rally but we had some selling in Hewlett-Packard and NBC Internet. During the day, people started to realize that retail sales were good news.
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
Next week's retail sales numbers and inflation numbers are going to be some key statistics to give us a little bit more input into where the Fed stands.
Barry Hyman
I agree that this was a psychological boost because the Fed is freaked that the consumer is starting to back out, and they want to...try to make the Christmas season a little more palatable,
Barry Hyman
It is just an affirmation that the Nasdaq represents the growth sector of the investment universe. That is where much money is being put to work the last month.
Barry Hyman
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