This perception creates a negative opinion on Wall Street. But over time, it will help the equity markets because it is reflexive of a better earnings picture.
More Quotes from Barry Hyman:
Today, the catalyst in technology was the report that PC sales in the second quarter slowed. The PC sector feeds into the semiconductor sector, which feeds into other parts of technology.Barry Hyman
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.
Barry Hyman
I don't think the Fed looks at the equity market and makes decisions off the equity markets, but the equity markets are absolutely a reflection of wealth and consumer confidence, ... That is what the equity markets mean in relation to other economic scenarios and that is where (the Fed's) interest is.
Barry Hyman
This is a time to be very diversified and avoid taking chances. Sometimes being a spectator is not a bad idea.
Barry Hyman
You have the correct sectors continuing to lead, which are technology and financials. The Michigan numbers were good today, and oil prices are down.
Barry Hyman
This is more of a short-term perspective and I don't see any commitment by institutions. But a diversified portfolio is doing well here.
Barry Hyman
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Based on Topics: Time QuotesBased on Keywords: reflexive
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