Barry Hyman
Barry Hyman
change dominated expect federal percentage quarter reserve trading waiting
Trading is going to be dominated by waiting for the Federal Reserve Board. We still expect the Fed to go a quarter of a percentage point, and no change in language.
activity holidays positions rolling saw traders
Traders are just lightening their positions a little bit. The holidays are compressing the activity and I think most of the (options) rolling over you saw yesterday.
companies dominating focusing investors market optimism reveal season signs traders turn waiting year
Traders are dominating this market when investors are just waiting for these pre-releases to really reveal what these companies look like. We're just waiting for the first signs of a turn and there's little optimism as we go through this pre-release season and no one is focusing on the second-half of the year (2001).
bit surprising terms
This story is a little bit surprising in terms of the players, not in terms of the deal.
best companies developing global globally growth investment markets trend
Global markets are the best investment at this point. The growth story developing globally is strong, the companies have better valuations, and the trend is doing well.
anywhere economic expected fourth gets gives negative quarter revised stays within
If the GDP gets revised downward, it's a negative for the markets. If it stays anywhere within the expected range, it gives credence to that the fourth quarter was some economic trough.
aggressive believes caution concerns continue economy fed market prices slow strength transition
If the Fed believes there are inflationary concerns about the strength of the economy, they will act. They will continue to do what they need to do to slow the economy down. It's going to be a transition market and there's no need to be aggressive here. Use a little caution and let prices come to you.
affecting credit economy economy-and-economics interest problems rates
The problems are the same: Interest rates are high, and the economy is strong. It is affecting those sectors that are credit sensitive.
continuing correct good michigan numbers oil prices technology
You have the correct sectors continuing to lead, which are technology and financials. The Michigan numbers were good today, and oil prices are down.
behind conviction fed impetus outcome people rally reason specific today trying
You do have some impetus today but there's little conviction and little volume. I didn't see any specific reason behind the rally - people may be just trying to outguess the outcome (of the Fed meeting).
behind conviction fed impetus outcome people rally reason specific today trying
You do have some impetus today but there's little conviction and little volume, ... I didn't see any specific reason behind the rally - people may be just trying to outguess the outcome (of the Fed meeting).
economic negative terms
We don't have a predominance of negative news, day-to-day, in terms of economic events.
relationship
The P&G story is a lot more significant than just its relationship to P&G.
below bullish concerned drop economy numbers percent report saw slowing support today
The productivity numbers today (Thursday) and tomorrow's (Friday's) report do nothing to support a bullish market. I would be concerned if we saw the unemployment drop below 4 percent because that would show the economy is not slowing down.