Barry Hyman
Barry Hyman
bit damage fairly flat focused gain ibm intel losses massive sitting today trading
It's very focused on the Intel and IBM story today but it's a fairly flat trading day, ... All we've done is gain back a little bit of the massive losses. The damage is still out there with the losses still sitting around.
answer concern
Is there still valuation concern out there? The answer is yes.
conclusion continuing contribute economy global help high late next oil price prices summer supply three weeks
It's important that OPEC comes to a conclusion to help with global supply but it may be too late for the summer season. High oil prices do not help the economy and it will still contribute to inflationary numbers. Oil will be a continuing story to see how the price of oil reacts over the next three weeks to these increases.
certainly coming concern earnings financial increasing misses related sector
It's certainly related to the financial sector going down. There is increasing concern that there will be more earnings misses or pre-announcements coming out. A lot of this is (also) options-related.
further means people premium toward
It's big because it's at a very substantial premium and it means something toward the world of further consolidation in brokerage. I think people are going to be scouring to see what could be next.
increased market volatility
At the same time, there is this increased market volatility that exaggerates these swings.
anywhere background came confidence economy economy-and-economics estimates expressing harm higher interest itself pace rates shocked slowing slowly street terms wall
The intermediate background look in terms of interest rates peaking and the economy slowing to a more sustainable pace without any undue harm is slowly going to play itself out. I would be very shocked if the GDP came in anywhere higher than estimates because Wall Street is already expressing its confidence that the economy is slowing down.
economy fed goes market quickly seen showing statistics worrying
It will be interesting to see how quickly the market goes to worrying about what the Fed will do in August. We've just seen one month's statistics showing the economy is slowing.
effort extremely people seems war
The war effort seems to be going extremely well, much better than people thought it would.
bought branches fleet gains next percent stock
They bought a lot of branches from Fleet, when they merged with Fleet Boston, ... I think you can look for 30 percent gains in that stock for the next two year.
concerns express greatly improving looking market react similar starting stories
They'll (Cisco) express write-off concerns but I think we're looking at very similar stories like the other ones ? things are not improving greatly but we have better visibility. And I think the market is starting to react to that scenario.
band break extremely few last narrow stuck
We've been stuck in an extremely narrow band for the last few weeks, and this could break us out.
concerns earnings economy economy-and-economics fourth growth higher lower oil recently slower supported weaker
We're supported by a rebounding economy after a weaker fourth quarter, and recently lower oil prices. But that's countered by concerns about slower earnings growth and higher inflation.
ahead bit employment expected higher interest investors rates
There is also a little bit of nervousness ahead of tomorrow's employment report, which is expected to be strong. It just focuses investors on the higher interest rates that are still in the offing.