I think there are going to be opportunities to buy the weakness because I think the pre-release season will dominate again I don't think there's going to be a significant drop, though. There are a lot of people who buy the concept that 250 basis points (in interest rate cuts) with more coming is going to help.
More Quotes from Barry Hyman:
A lot of money left the sector last week over concerns that valuations were just too high. But there's still a lot of interest in technology.Barry Hyman
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.
Barry Hyman
It's certainly related to the financial sector going down. There is increasing concern that there will be more earnings misses or pre-announcements coming out. A lot of this is (also) options-related.
Barry Hyman
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.
Barry Hyman
Based upon how we've seen retail stocks perform, any continued low (consumer confidence) number puts a crimp in the Christmas spending story.
Barry Hyman
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,
Barry Hyman
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