Barry Hyman Quotations | Page 2

We ended up OK, although most of the advance happened late in the day on the China warning and the volume remains light. There was the risk of new stagflation fears to develop out of the economic news, and that didn't happen, which was another positive.

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

We're not at the beginning of a decline. We don't believe you're about to enter another horrendous down phase in the market measured by the Nasdaq. We think there are some tough times ahead over the next one to three months. But if you take a longer view of that, many of these companies in the Nasdaq big cap are starting to come down to levels that look fairly attractive on a growth basis.

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.

Today, the catalyst in technology was the report that PC sales in the second quarter slowed. The PC sector feeds into the semiconductor sector, which feeds into other parts of technology.

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

You have the correct sectors continuing to lead, which are technology and financials. The Michigan numbers were good today, and oil prices are down.

You do have some impetus today but there's little conviction and little volume. I didn't see any specific reason behind the rally - people may be just trying to outguess the outcome (of the Fed meeting).

You do have some impetus today but there's little conviction and little volume, ... I didn't see any specific reason behind the rally - people may be just trying to outguess the outcome (of the Fed meeting).

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

The payroll numbers were extraordinarily supportive for the economy. But counter to that, the report brings back the Fed and inflationary prospects, and that's why you see just a modest up day.

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.

Trading is going to be dominated by waiting for the Federal Reserve Board. We still expect the Fed to go a quarter of a percentage point, and no change in language.

Traders are just lightening their positions a little bit. The holidays are compressing the activity and I think most of the (options) rolling over you saw yesterday.

Traders are dominating this market when investors are just waiting for these pre-releases to really reveal what these companies look like. We're just waiting for the first signs of a turn and there's little optimism as we go through this pre-release season and no one is focusing on the second-half of the year (2001).

This story is a little bit surprising in terms of the players, not in terms of the deal.

We like stocks in oil and drilling. Energy does well in an inflationary period. So we want to have some exposure to energy,

We don't look for a (rate hike) next week, but possibly one in August.

Trying to pick a trend in this market is impossible. Friday's action was anemic, and today there's anticipation of a stronger earnings season. Other than short-term traders, it's hard to negotiate a market that is so narrow in range. We're at least stable for now, but there hasn't been a trend for over a month.

With an expected quarter percent rise, the commentary seems a little more hawkish than expected.

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,

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

Without having that constant barrage of negative news, there is the opportunity for the market to exhibit some strength.

We weathered a near-term storm of the recent tech earnings well. The market has a lot of consolidating to do, and there isn't a catalyst for serious upside at the moment. Only quality earnings amongst all sectors will help us.

We seem to go from worries about the economy slowing down to appreciating that the economy remains strong and can bounce back from slower fourth-quarter GDP growth.

You are not getting paid to hold cash anymore. I think if you look at it from that perspective you see an asset allocation switch going on, which is helping this rally.

Today will be a test of the market to see how it handles some negative news in the tech sector, Dell being that test.

You are seeing a little bit of rebound in some of the worst-hit sectors. It's clearly a short-term attempt at trying to find some stabilizing level.

We've had so many weeks now of down that it's kind of hard to believe we could have an up day or an up week for the market, but the technician in me is saying this is nothing more than a technical rally.

We're supported by a rebounding economy after a weaker fourth quarter, and recently lower oil prices. But that's countered by concerns about slower earnings growth and higher inflation.

There is also a little bit of nervousness ahead of tomorrow's employment report, which is expected to be strong. It just focuses investors on the higher interest rates that are still in the offing.

There is a lot of money out there that wants to be invested. Oversold markets start with short-term rallies and we're certainly due for a short-term rally.

You have to ignore that because they're of course going to be bad, ... You have to look at earnings potential, and cyclicality stocks, I'll go for International Paper.

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.

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.

We've been stuck in an extremely narrow band for the last few weeks, and this could break us out.

This number is very startling. It is the preliminary, so it is subject to fairly substantive revision. These numbers may translate into earnings risk, but may also dissuade an aggressive Federal Reserve. The chain deflator was higher than expected, which may take the steam out of our rally. This may dampen enthusiasm, but not kill it.

This number is very startling. It is preliminary, so it is subject to fairly substantive revision. These numbers may translate into earnings risk, but may also dissuade an aggressive Federal Reserve.

Better-than-expected LEI implies a strong economy. It also implies higher interest rates.

Even though it's a tough environment for travel related stocks, the catalyst for American Express is going to be the ruling against Visa and MasterCard. It's a very significant positive.

Either you believe the markets or so don't believe the markets. There's no in-between here. The bulls are very vigorous and the bears are very vigorous.

Either people are going to reposition away from technology and seek a home in the migration away from technology, which is why you have other sectors moving. For those who are tech players, it's going to leave those stocks that may have some concerns over future earnings and it's going to stay there.

Biotechnology is not going away and if investors are looking for an entry point, this might be it.

(Biotechnology) is keeping the Nasdaq up, ... As bids start to firm, money is flowing back in, and that's causing the Nasdaq to outperform the blue chips.

Everybody expects people to come back from vacation and the activity to start. The first day is a very lackluster day and people are just getting used to stuff.

Every piece of bad news that comes out in the market ... is ignored, ... looking forward to 2002, in the second-half, when a recovery is going to be in effect.

Don't expect 86 percent this year on the tech stocks, ... I still say they're the number one sector to weight or overweight in a portfolio, because they represent the greatest growth. Your companies at 8-to-10 percent are languishing. Companies with earnings, who cares. It's a 100 times earnings. It's 30 percent growth that matters in this market.

Energy up on a day-to-day basis is a factor. Crude is approaching $70 a barrel and natural gas is up too.

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.

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.

There's still some overhang from the accounting worries out there.

There's going to be this flip-flop next week and continually until we get through earnings season, going from earnings to worrying about the economic slowdown and what inflation brings so I think next week is going to be marked by that. We're getting to the point where the market needs good earnings. It needs to have a catalyst to get the growth sector moving again.

There's no (economic) stabilization yet, but it now brings the possibility of continued aggressive Fed moves. We're four cuts deep into an interest rate cycle and we're going to get a fifth. That's going to help the economy down the road -- it's not a question of 'Will it?' but it's a question of when.

There's more of a defensive style coming into the market. People are going to look for the opportunity to be in the market during this (results) season and will look at more defensive investments until we get through pre-releases. I'm no longer fearful of earnings, I'm fearful of the pre-releases.

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

The traditional year-end rally didn't happen this year and the 'January Effect' doesn't look like it's going to occur. This is just a wait-and-see market right now that will continue to be driven by important catalysts, whether geopolitical or earnings-based.

I still don't think we have the Fed out of the way. The Fed seemed to worry more on inflationary than longer-term risks to the economy, which was reacted to very quickly in the market yesterday. That story still lingers today, as well as another major hurricane that's ramping up energy costs.

I still don't think we have the Fed out of the way, ... The Fed seemed to worry more on inflationary than longer-term risks to the economy, which was reacted to very quickly in the market yesterday. That story still lingers today, as well as another major hurricane that's ramping up energy costs.

It was unanimous we'd have a year-end rally until the yield curve inverted. We wanted to close the market on a high note this year, but now we're worried that the 2006 market will have to deal with this. The next Federal Reserve meeting will be extremely critical. We have to hope this isn't predictive of a recession or a slowing economy.

It was a little better than a typical September, but it didn't provide any big positive surprises.

These companies' businesses haven't collapsed like tech companies' did. But they've withered and they're losing their reputations and their investor bases.

The stocks that are up today are euro-based. Let's hope we can make the case that the euro problem is closer to (being) resolved than before and that's a good sign today. Whatever overhanging concerns can be relieved will help the market.

The stocks that are up today are euro-based, ... Let's hope we can make the case that the euro problem is closer to (being) resolved than before and that's a good sign today. Whatever overhanging concerns can be relieved will help the market.

The situation is very tenuous on the equipment side and any slowdown in demand in the equipment side of the equation, when you are priced to perfection, means these companies are still very expensive,

The story (this) week is: Does it hold it or will it break it.

The tame retail sales outlook helped the bond market. The market rewarded that with a very strong day. Financials and technology stocks righted themselves. We're on the cusp of taking out some important resistance levels.

Technology has done well, not necessarily because of the crash, but because it has moved up the alert that the market's concentrating on a 2002 recovery. Rather than focusing on the earnings that are going to come out in the fourth quarter, people are looking forward rather than near-term.

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.

The Nasdaq is a different ball game. It's not a credit-sensitive sector.

The Nasdaq broke its support levels last week because of IBM, Cisco, and Computer Associates. The S&P was weighed down by its tech exposure. Another key story next week is whether the Dow follows the rest of the market or can it continue to hold in the gains.

The moves in media stocks are never earnings based.

After last week's great run, the market is directionless. We're somewhat hostage until we get more proof that the economy is slowing.

After last week's great run, the market is directionless, ... We're somewhat hostage until we get more proof that the economy is slowing.

Any conglomerate is going to come under question.

Anybody who has all their money in one sector is making a big mistake,

A rebound in energy (prices) could be one of the excuses for a mid-December trading peak (in stocks).

Anything that shows the economy is slowing will be taken very well by the market. But the Fed is still out there and I don't think we should get used to the (idea) the Fed going to stop (raising rates) in June.

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.

A worse-than-expected number tomorrow will discount what happened this week. If we get an inflationary number, the market will go down, but I think it all clears up by mid-June.

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.

That's going to dominate the market today until we get more information. A potential story like this from an OPEC producer brings up the worry that oil can spike to new highs very easily. We see the reaction in equities when oil goes higher. It stops equities in their tracks.

You're really not going to see any huge disappointments next week. It's definitely winding down as we get to the end of the quarter and those that are going to disappoint are probably already reflected in the stock.

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.

Your first set of pre-announcements are usually your most dramatic and affect the market the most,

You're going to create a great telecom company, ... I think this is a good opportunity to buy US West.

You're getting a lot of positive sentiment in the market and a lot of rotational shifting toward growth. It doesn't say that earnings are going to be better but it does lead one to believe that a lot of the bad news may already be built in.

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

This is the expected outcome. We have run up to this. I wouldn't be surprised to see some profit taking.

This almost assures the fact that we'll see an interest rate hike in November,

This is a market that is assuming everything is going to get better. There's been too much commentary by the chairmen of these companies that these problems are inventory but everything is based on a turn of the economy ? that's what the Fed is there for.

This is a market that goes down on sentiment and goes up on excessive fear. There was excessive fear and a deflationary picture. Markets will rally on excessive fear and it seems to be an end-of-the-week technical rally.

This is a market that goes down on sentiment and goes up on excessive fear, ... There was excessive fear and a deflationary picture. Markets will rally on excessive fear and it seems to be an end-of-the-week technical rally.

They (the Fed) did indicate that there could be further cuts and that was something Wall Street was starting to believe wasn't going to be the expected outcome. This is part of the recovery process. It's not going to happen immediately but this is the Fed understanding the weakness in the economy.

A lot of the gains are due to the earnings story. I think the market can deal with one or two more interest rate hikes and believe that the Fed is not going beyond neutral.

A lot of the gains are due to the earnings story.

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.

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.

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.

There was nothing Greenspan said that was harsh and sometimes no news is good news,