336 Quotes by Barry Hyman
- Author Barry Hyman
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There is a little bit of profit-taking and a little bit of nervousness as we go into Thursday's GDP number, ... The durable goods number was a little stronger than expected. That shows continued strength in the economy. That is not what you want to see right now.
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They're down around 15 to 20 percent from their highs. You've got an opportunity to buy some of these bank stocks at decent values here.
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The economy is still strong, earnings will be good, and that bodes well for the stock market,
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There's a lot of pre-Fed buying. There's this insane belief that the Fed's going to move more than a half-point and that's what's powering the Dow, because you have a lot of cyclicality in that index and they are certainly beneficiaries of any severe interest rate cut.
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The P&G story is a lot more significant than just its relationship to P&G.
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The dreaded whisper number -- that's Wall Street for you. This is day-to-day noise. Normal profit taking in the technology area can be considered to be 20 percent to 30 percent moves.
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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.
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There's a lot of pre-Fed buying, ... There's this insane belief that the Fed's going to move more than a half-point and that's what's powering the Dow, because you have a lot of cyclicality in that index and they are certainly beneficiaries of any severe interest rate cut.
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The productivity number is key toward determining whether the economy can show some stabilization. We've seen weakening numbers, which hasn't helped, but there is no inflation story to talk about here.
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