336 Quotes by Barry Hyman
- Author Barry Hyman
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There was nothing Greenspan said that was harsh and sometimes no news is good news,
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We've accepted the fact that the earnings growth for the quarter is around 20, 21 percent year-over-year for the S&P. But there's been this behind the scenes look or under the surface look at revenue. And we haven't got the best of forecasts for the second half of the year in many companies going forward. And if you don't have that pristine look -- where you come in this earnings season totally clean -- you've gotten battered. And I can't even name more than a handful of stocks that have come through.
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There was worry that something stronger would keep the Fed going. There is a bit of concern with a bit of wage inflation, which corroborates yesterday's poor productivity numbers.
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The election is really undecided, and I think that keeps the market locked in a range right now. Day to day this week, I think people need to watch the price of energy and see how Wall Street is looking to position itself for after the election.
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The inflation story has been the ongoing story for the markets since the Fed raised rates at the September meeting.
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There really isn't any dramatic news to come out post-Fed ? we're going to get into that earnings void, the next meeting for the Fed isn't until late June, so I think the story is how well the pullback in this market will be contained.
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There are certainly negatives out there, ... But the psychology has changed and the bad news isn't having as big an effect on the broader market.
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This may be the last round of refinancing, and it could actually save the Christmas season.
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A lot of money left the sector last week over concerns that valuations were just too high. But there's still a lot of interest in technology.
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