The war effort seems to be going extremely well, much better than people thought it would.
More Quotes from Barry Hyman:
What I like about today is that all of the main SP sectors are higher, which shows broad strength for the market. And the consumer confidence number suggests optimism about the start of 2005.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
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
There's a little nervousness in the air regarding heightened geopolitical news. The rhetoric from Iran is not helping.
Barry Hyman
This number is very startling. It is the preliminary, so it is subject to fairly substantive revision. These numbers may translate into earnings risk, but may also dissuade an aggressive Federal Reserve. The chain deflator was higher than expected, which may take the steam out of our rally. This may dampen enthusiasm, but not kill it.
Barry Hyman
Although there had been some worry that the usual year-end came early this year, I think the market is going to adhere to tradition, ... and we'll probably see the market continue to move up through the end of the week.
Barry Hyman
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