Barry Hyman
Barry Hyman
couple cut excuse key longer near next profit profits rate taking term today words yesterday
Profit taking will be key words today (Thursday) and over the next couple of weeks. The Fed's rate cut yesterday bodes well for the longer term but near term it is an excuse to take profits. Cisco's story is another excuse to take profits in technology.
economy-and-economics higher implies interest strong
Better-than-expected LEI implies a strong economy. It also implies higher interest rates.
against catalyst environment express related ruling though tough travel visa
Even though it's a tough environment for travel related stocks, the catalyst for American Express is going to be the ruling against Visa and MasterCard. It's a very significant positive.
bears believe bulls either markets vigorous
Either you believe the markets or so don't believe the markets. There's no in-between here. The bulls are very vigorous and the bears are very vigorous.
concerns earnings either future home leave migration people seek stay stocks technology
Either people are going to reposition away from technology and seek a home in the migration away from technology, which is why you have other sectors moving. For those who are tech players, it's going to leave those stocks that may have some concerns over future earnings and it's going to stay there.
entry investors looking might
Biotechnology is not going away and if investors are looking for an entry point, this might be it.
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(Biotechnology) is keeping the Nasdaq up, ... As bids start to firm, money is flowing back in, and that's causing the Nasdaq to outperform the blue chips.
bond cusp helped market outlook resistance retail rewarded sales stocks strong taking tame technology
The tame retail sales outlook helped the bond market. The market rewarded that with a very strong day. Financials and technology stocks righted themselves. We're on the cusp of taking out some important resistance levels.
alert earnings focusing forward fourth looking moved people rather technology
Technology has done well, not necessarily because of the crash, but because it has moved up the alert that the market's concentrating on a 2002 recovery. Rather than focusing on the earnings that are going to come out in the fourth quarter, people are looking forward rather than near-term.
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Everybody expects people to come back from vacation and the activity to start. The first day is a very lackluster day and people are just getting used to stuff.
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Every piece of bad news that comes out in the market ... is ignored, ... looking forward to 2002, in the second-half, when a recovery is going to be in effect.
companies expect greatest growth matters number overweight percent represent sector tech weight year
Don't expect 86 percent this year on the tech stocks, ... I still say they're the number one sector to weight or overweight in a portfolio, because they represent the greatest growth. Your companies at 8-to-10 percent are languishing. Companies with earnings, who cares. It's a 100 times earnings. It's 30 percent growth that matters in this market.
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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.
aggressive earnings fairly federal number numbers subject translate
This number is very startling. It is preliminary, so it is subject to fairly substantive revision. These numbers may translate into earnings risk, but may also dissuade an aggressive Federal Reserve.