You have a market on eggshells. The stories that make the rounds are being treated as sell first and then worry about whether they're true.
More Quotes from Barry Hyman:
You can pick you poison today from anywhere. The earnings concern and lack of guidance for 2006 concerns tech players. But the story goes beyond that to energy pricing, which is still a 2005 perspective. Once again, energy is the leading sector. As long as energy prices remain high the market should suffer.Barry Hyman
You have to be careful. There are not many sectors that are doing well out there. This is a slowing economy. People are looking for security of earnings. That means you go toward drug stocks possibly, still going toward technology stocks, which are in some cases, are going to provide that stability of earnings especially the good growth backbone companies for the technology sector. Avoid cyclical stocks, avoid retail stocks. Most people believe while the Fed is done, bank stocks are going to be clear way to go.
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
The bias still seems to be to the upside. Buyers are optimistic and see the long-term side of the market. The downward pressure now is not that great. The money flow has just been too strong.
Barry Hyman
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.
Barry Hyman
It's certainly related to the financial sector going down. There is increasing concern that there will be more earnings misses or pre-announcements coming out. A lot of this is (also) options-related.
Barry Hyman
Readers Who Like This Quotation Also Like:
Based on Keywords: eggshellsIn the New York Times, you're going to get completely different information than you would in the USA Today.
Tabitha Soren
This thing with everyone knowing you, it's weird, because people have this one-sided relationship where they look at your picture and feel they know you more than someone they actually know. I don't really know myself that well.
Robert Pattinson