Barry Hyman Move Quotations

The psychology is just not there for the economy to make any substantial move until we get through the Fed meeting. There's really no selling pressure, it's just tremendous volatility.

There's a lot of pre-Fed buying. There's this insane belief that the Fed's going to move more than a half-point and that's what's powering the Dow, because you have a lot of cyclicality in that index and they are certainly beneficiaries of any severe interest rate cut.

There's a lot of pre-Fed buying, ... There's this insane belief that the Fed's going to move more than a half-point and that's what's powering the Dow, because you have a lot of cyclicality in that index and they are certainly beneficiaries of any severe interest rate cut.

The next three percent move for the S&P 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.

I look at a market here that is going to continue to be impacted by rates going higher, ... and I think it's heading into one of those post-earnings periods where it meanders. It's hard to see any substantive reason for us to move higher.

Higher interest rates are an impediment to companies where cost is important and that's Old Economy stocks, ... What we are seeing is a defensive move into technology stocks.

And (Chase) is trading at 10 times next year's earnings. I think the stock is very cheap from a valuation basis, and it's not something that will move immediately. There are cost restructurings to go into this merger; but over time, I think the stock looks good. And I have a 12-month target of around $60 on that,

The market has some power today. Continued lower energy prices and the belief that the economy is rebounding off a poor fourth quarter are assumed to be behind the move today.