Barry Hyman Quotes (208 Quotes)

Earnings are coming in better than expected, and they're helping the market preserve the rally, but the overriding concern to me is high energy prices and what the Fed is doing.

The inflation story has been the ongoing story for the markets since the Fed raised rates at the September meeting.

The PPI number on Friday gave us a little bit of a hint that there most likely will be a hike on August 24th, but that'll be it,

As long as we continue to see good earnings and the reaction to good earnings positive, then you will see Nasdaq as the sector of choice. The Dow is being weighted by this conflicting (economic) story -- stronger consumer spending and OK-looking inflation numbers. But the tech (sector) is merrily rolling along.

Most of the growth stories are not performing today and that is how we'll go into the Fed meeting. There's still very little conviction in the market.

At the same time, there is this increased market volatility that exaggerates these swings.

They're down around 15 to 20 percent from their highs. You've got an opportunity to buy some of these bank stocks at decent values here.

Liberty is a compelling opportunity to penetrate or consolidate Europe, Asia and South American cable markets, but since it trades in the U.S. and it is dollar denominated, the foreign benefits will be somewhat muted.

Growth stocks on the large cap front with perceived consistent earnings can be looked at as better values.

This is a time to be very diversified and avoid taking chances. Sometimes being a spectator is not a bad idea.

The problems are the same Interest rates are high, and the economy is strong. It is affecting those sectors that are credit sensitive.

I believe the Asian markets are stabilizing and if you look at the Japanese market, I think the market has put in a bottom in Japan as well and that cannot hurt the U.S. market in the intermediate term.

This perception creates a negative opinion on Wall Street. But over time, it will help the equity markets because it is reflexive of a better earnings picture.

The economy is already slowing down without the impact of that 50 basis point hike last month, and I think what you have to look at here is the ending of the interest rate cycle. The growth stocks are technology stocks. And at this time it's a very seasonal thing as well. We are coming to the end of the quarter, so you are going to just get the great stock into the portfolios and sell the weak ones.

The next three percent move for the SP could be up, and that would take us to important resistance levels. The question is what is the bias beyond that, what is the next five percent for the market That's not clear.

The trend with the earnings has been that if you beat the estimates strongly, you get rewarded, but if you miss, you get hammered.

I believe that the future of McDonald's is going to be their international growth. Let's not forget what President Bush is trying to do in Russia. Russia eventually is going to have to be our friend versus all this nonsense terrorism that's going on in the world, ... So, does the overseas market concern me It doesn't because they are looking to marginalize that growth of 1-to-2 percent and diversify at the same time. I think the bad things are behind it and I like the stock.

We have an aggressive Fed and an aggressive Justice Department thinking perhaps that all things technological, that have a dominant share of the market, could be considered anti-competitive.

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.

I was encouraged by today, but not overly so. We need to see a lot more than one day.

I don't think the economy can really withstand the equity markets dropping down and giving back all of its gains that would really hamper consumer confidence. The one thing that has changed is psychology it's time to look forward to what the effect interest rate cuts mean for the economy.

People have gotten into the belief that much of technology is cyclical now.

Profit taking will be key words today (Thursday) and over the next couple of weeks, ... The Fed's rate cut yesterday bodes well for the longer term but near term it is an excuse to take profits. Cisco's story is another excuse to take profits in technology.

They're (investors) looking for the Fed to be absolutely aggressive and see the economy as slow as can be and to be measured in terms of understanding how important the consumer is at this point. And how important the stock market is to consumer confidence.

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,

What I like about today is that all of the main SP sectors are higher, which shows broad strength for the market. And the consumer confidence number suggests optimism about the start of 2005.

We do think growth is going to be the place to be again,

There is a fear that we'll have a negative surprise and inflationary fears are keeping people on the sidelines, ... There's no real great impetus out there to drive the market.

We don't have a predominance of negative news, day-to-day, in terms of economic events.

There is a substantial group of investors who believe the stock market will start to anticipate an (economic) recovery. The more rate cuts we get, the more likely the recovery is -- I'm looking at this as a 'buy the dip' opportunity.

We need some inference from the Fed that interest rates beyond June are in doubt,

Energy prices, which were lower, have turned up. I think we quickly came to the reality that a less-than-expected outcome from Hurricane Rita doesn't take away from the worse-than-expected outcome from Katrina.

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.

Cisco's story was that inventory concerns and demand driven problems are not fixable as early as Wall Street expected, ... People are understanding the impact of what Cisco said. Wall Street wants to believe things are rosy in that sector and they're just not.

Anything goes this week. You had a great week last week and it shows there were buyers willing to come in just on the thought of stabilization.

Today's market is comforting in that it's back a bit, but it just doesn't have the feel of yesterday having made a bottom.

The productivity number is key toward determining whether the economy can show some stabilization. We've seen weakening numbers, which hasn't helped, but there is no inflation story to talk about here.

People are just looking at the fact there was no other news out there today since the LSI earnings to really affect the market but there was a little bit of bargain hunting, ... LSI was a sector story but it was enough, with the nervousness going into tomorrow, to bring some selling onto the market.

For the market to make a convincing case that we've ended the decline, it's going to have to put together a few days in a row of advances or people are going to look upon up days as an isolated situation.

It's nothing more than rotation. I think people on Wall Street can no longer walk and chew gum at the same time.

I think, ... that Pfizer is going to benefit from their merger with Warner-Lambert. I think that makes a very good deal. But most pharmaceutical companies do eventually strike deals with biotech companies in terms of marketing their product. And the genomic companies don't have a lot of cash. They have a lot of high valuations, but they don't have a lot of dollars to spend. So, they usually look toward the pharmaceutical sector to help them out, which usually helps both sectors.

There's concern in the markets that higher oil prices may hurt the economy.

We're all going to be looking for the employment rate and looking for that corroboration of this economy slowing, but the picture is ultimately confusing, ... You've got earnings slowing to the point where it's certainly pinpointing a recession and you've got Mr. Greenspan Fed chairman trusting some indicators and not trusting other indicators.

I think we are just mired in interest-rate concerns until we get some clarity on rates.

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.

You would hope that the strong earnings would support the market and give it the ability to react positively. But I think the case for that has been diminished lately.

Although there had been some worry that the usual year-end came early this year, I think the market is going to adhere to tradition, ... and we'll probably see the market continue to move up through the end of the week.

I think the week was excellent. The Fed, even though the reaction was delayed, reinvigorated the psychology of the market. It's reinforcing the belief that these interest rate cuts will be the medicine for the economy.

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.

When you have a major company like GE boosting its dividend and announcing a big buyback, that's very positive for corporate America,