336 Quotes by Barry Hyman
- Author Barry Hyman
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Growth stocks on the large cap front with perceived consistent earnings can be looked at as better values.
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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.
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There are still tough times ahead in technology, ... Wall Street wants to see only greater-than-expected earnings.
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The retail sales numbers we saw should have presumed a rally but we had some selling in Hewlett-Packard and NBC Internet. During the day, people started to realize that retail sales were good news.
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I think it's just more of the same. The Nasdaq is quickly approaching 5,000 and it's hard to divert money back to traditional stocks when the opportunities are so phenomenal in the new world economy.
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There's worry about higher interest rates. The bond market has been very weak, and we can assume the higher interest rates are signs of a rebounding economy. This gives people a feeling of comfort, but we also worry about how rates are going to go and whether it will crimp economic activity further down the road.
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I think it's emotional, because all the news out today is already known.
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This is just a continued consolidation in the industry on a global basis. You're seeing Credit Suisse take a bigger stake in the research end of things -- it's good for Credit Suisse because it gives them better asset management and greater size.
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I think the market had a decent week but without any fundamental backing, the rally doesn't really have tremendous upside.
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