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.
More Quotes from Barry Hyman:
There was nothing Greenspan said that was harsh and sometimes no news is good news,Barry Hyman
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.
Barry Hyman
Next week's retail sales numbers and inflation numbers are going to be some key statistics to give us a little bit more input into where the Fed stands.
Barry Hyman
For that to happen, you need the stocks to drop 50 percent this year. The picture in the telecom sector is not improving.
Barry Hyman
I think there was some bargain hunting coming in on the back of good news.
Barry Hyman
The market is clearly divided right now. Those who are looking at 2005 expectations think we can see moderate stock gains, those who are looking out at 2006 are more concerned.
Barry Hyman
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