You have the correct sectors continuing to lead, which are technology and financials. The Michigan numbers were good today, and oil prices are down.
More Quotes from Barry Hyman:
The retail sales numbers we saw should have presumed a rally but we had some selling in Hewlett-Packard and NBC Internet. During the day, people started to realize that retail sales were good news.Barry Hyman
The psychology is just not there for the economy to make any substantial move until we get through the Fed meeting. There's really no selling pressure, it's just tremendous volatility.
Barry Hyman
It was unanimous we'd have a year-end rally until the yield curve inverted. We wanted to close the market on a high note this year, but now we're worried that the 2006 market will have to deal with this. The next Federal Reserve meeting will be extremely critical. We have to hope this isn't predictive of a recession or a slowing economy.
Barry Hyman
What will frame investor decision-making in August is going to be totally Fed-driven, ... We've gotten the anecdotal comments from Mr. Greenspan that we can achieve a slower growth landing but we now have to see that anecdotal evidence turn into fact.
Barry Hyman
And (Chase) is trading at 10 times next year's earnings. I think the stock is very cheap from a valuation basis, and it's not something that will move immediately. There are cost restructurings to go into this merger but over time, I think the stock looks good. And I have a 12-month target of around 60 on that,
Barry Hyman
The market has some power today. Continued lower energy prices and the belief that the economy is rebounding off a poor fourth quarter are assumed to be behind the move today.
Barry Hyman
Readers Who Like This Quotation Also Like:
Coltrane was moving out of jazz into something else. And certainly Miles Davis was doing the same thing.Jan Garbarek
I teach at USC. I have a big class of 360 kids, only about a fifth of whom are film majors. I don't just show the Hollywood blockbusters. I show independent films, foreign films, documentaries.
Leonard Maltin
Texas has been hit especially hard this year by a continuing drought, threatening high winds and increasingly destructive range fires. Simply, these conditions have lead to extremely adverse conditions in the agriculture industry.
Michael McCaul