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.
More Quotes from Barry Hyman:
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.Barry Hyman
The productivity numbers today (Thursday) and tomorrow's (Friday's) report do nothing to support a bullish market, ... I would be concerned if we saw the unemployment drop below 4 percent because that would show the economy is not slowing down.
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
Today will be a test of the market to see how it handles some negative news in the tech sector, Dell being that test.
Barry Hyman
The CPI will still have an influence on the Fed meeting. You are in a bear market in technology stocks and you'll have to accept that. You're not going to get anything significant until the second half of the year.
Barry Hyman
It's one eye on the news, and one eye on the markets.
Barry Hyman
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