336 Quotes by Barry Hyman
- Author Barry Hyman
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I think there was some bargain hunting coming in on the back of good news.
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I do believe an investor shouldn't change their philosophy just because it's post-Fed, ... I think the aggressive, more short term oriented philosophy that has worked the first seven months of the year will still be the philosophy until that strategy is proven to be wrong.
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I think there's enough in the cyclicality issue that it's going to be more of a traders' market, ... I think there's enough confusion out there that so much depends on the third-quarter earnings that we actually do see.
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For the market to make a convincing case that we've ended the decline, it's going to have to put together a few days in a row of advances or people are going to look upon up days as an isolated situation.
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I think there's still more upside ahead into next week, and as we look at the market beyond near term, I think the surprising strength in the economy is going to help us in the first half of 2006.
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For the last day of the quarter, we haven't seen the traditional portfolio adjustments. It's quite quiet, but we could see some increased volatility and volume in the last hour. But we're still ending on what I'd call a superb quarter.
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I think there's a concern about the economy so I think you'll see conciliatory talk (from Fed governors). We seem to rally into Fed meetings so I would expect a slightly upward bias.
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For that to happen, you need the stocks to drop 50 percent this year. The picture in the telecom sector is not improving.
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I think there are going to be opportunities to buy the weakness because I think the pre-release season will dominate again ? I don't think there's going to be a significant drop, though. There are a lot of people who buy the concept that 250 basis points (in interest rate cuts) with more coming is going to help.
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