The market is built on momentum and liquidity, ... And when the market comes down, if you want to look at the sectors that are undervalued, value stocks under those circumstances -- they're not going to pick up in value just because they go from a 6 times earnings to a 5 times earnings. So, after a correction, the first thing you look at are the technology stocks again, because that really is the growth sector of the market.
More Quotes from Barry Hyman:
How the market interprets some of the earnings next week will be the broader focus. With the employment report out of the way and the inflation report due a ways away, the market will focus more specifically on companies.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
The cat's out of the bag here with IBM. It's going to affect more than IBM, because Y2K is a concern and it's going to affect many different sectors of the market. And analysts have already switched from just looking at earnings to quality of earnings.
Barry Hyman
The trend with the earnings has been that if you beat the estimates strongly, you get rewarded, but if you miss, you get hammered.
Barry Hyman
Our look for the rest of the year is we're going to rally and worry. We're going to rally and worry some more. And we're going to rally again. I think the concern or the 'worry period' that we're now entering is this cyclical issue again, after this run up in the semiconductors sector and the third-quarter prerelease season, which we're quickly coming to. And I think that's going to give the opportunity for the next run up in the marketplace, which should come somewhere over the next few weeks into the election. The good news, as you pointed out, is that the Fed's done,
Barry Hyman
You have a market on eggshells. The stories that make the rounds are being treated as sell first and then worry about whether they're true.
Barry Hyman
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Based on Topics: Computers & Technology Quotes, Value QuotesMen may know many things by seeing; but no prophet can see before the event, nor what end waits for him.
Sophocles
Many of the mainstream agricultural scientists, especially at the agricultural schools, but at all of our major universities, are tied into all sorts of contractual relationships and consulting relationships with the life science companies.
Jeremy Rifkin
Most of us know perfectly well what we ought to do; our trouble is that we do not want to do it.
Peter Marshall