It's time to start anticipating a recovery. Buy on weakness and look at tech because I think there will be some good stories later in the year the time to be fearful of another major drop in the market is just not there.
More Quotes from Barry Hyman:
It's been all over the place today. Even though it's not really rallying, it's not selling off either.Barry Hyman
This is a continuation of last week's decline and it's picking up in intensity. There is little rotation as we see the commodity complexes taking a huge hit. It looks worse than it actually is, but still it will require a lot of work technically to right the damage.
Barry Hyman
These last few days have been consolidation, off of a good employment report and almost six weeks of gains.
Barry Hyman
I expect (ECI) to be very tame and show now inflation. It's the GDP I'm concerned about. If either one doesn't come in line (with expectations), the market will remain under pressure, ... I'm looking at the GDP number because that's going to give us a direct causal effect to how well the interest rate hikes have slowed the economy down.
Barry Hyman
Greenspan's commentary sure indicated there is more than one interest-rate hike to come, and that's not what the market wanted to hear.
Barry Hyman
The market has two overhangs. It has the interest rate concern and it has the concern of whether a soft landing is achievable. The interest rate concern is over but the soft landing is another question. We don't know if the economy is slowing enough or slowing too fast and that concern, as it relates to earnings, is weighing on the market a little.
Barry Hyman
Readers Who Like This Quotation Also Like:
Based on Topics: Time QuotesQuestion everything. Learn something. Answer nothing.
Euripides
I didn't know what kind of jobs, because how was I prepared? At best, I would be an AB in English.
John C. Hawkes
It's important to me to work in my own language now and then. I love English, but you can never learn to master a foreign language if you're not brought up with it.
Max von Sydow