Nothing is negative out there but there's such little commitment. The tone of the market is that technology still looks lackluster.
More Quotes from Barry Hyman:
We think 3.5 percent is a good point for the Fed to take a break to measure the economy and the impact of its rate hikes. If the economy does appear to be picking up, they could start raising again.Barry Hyman
I believe the Asian markets are stabilizing and if you look at the Japanese market, I think the market has put in a bottom in Japan as well and that cannot hurt the U.S. market in the intermediate term.
Barry Hyman
If we get any guidance that the Fed would be guiding toward a neutral stance, that could be a (positive) impetus, ... The economy is slowing but not recessing and the Fed will be there if necessary.
Barry Hyman
They bought a lot of branches from Fleet, when they merged with Fleet Boston, ... I think you can look for 30 percent gains in that stock for the next two year.
Barry Hyman
I think we are still in a consolidation period, ... and I think we can't afford to overlook the impact of the economic news on the market. You had a retail sales number this morning that was in line but nothing spectacular and a rise in jobless claims.
Barry Hyman
They're down around 15 to 20 percent from their highs. You've got an opportunity to buy some of these bank stocks at decent values here.
Barry Hyman
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