You can't forget that there are geopolitical tensions in the world ... and the market takes on risk.
More Quotes from Barry Hyman:
The lesson here is to maintain some modicum of cautious optimism. I think the trend is so important here and it's starting to be developed, ... But in light of everything, even if the Fed does back off, the thought of a 'hard' versus 'soft landing' is still going to be out there -- which is going to prevent outrageous gains.Barry Hyman
It's very focused on the Intel and IBM story today but it's a fairly flat trading day, ... All we've done is gain back a little bit of the massive losses. The damage is still out there with the losses still sitting around.
Barry Hyman
It's not the quarter-percentage point increase that is worrying people. We are all waiting to see if the commentary will point to one, two or more interest-rate increases.
Barry Hyman
I would characterize this as a correction long in coming. We're coming off of this tremendous run, plus you've got oil prices near all-time highs and the prospect of higher interest rates through the end of the year, and so you're seeing some profit taking.
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
Greenspan's commentary sure indicated there is more than one interest-rate hike to come, and that's not what the market wanted to hear.
Barry Hyman
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The last decade has been a little rough, so I'm hoping to start this one on the right foot.
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I've always had confidence. It came because I have lots of initiative. I wanted to make something of myself.
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