Barry Hyman
Barry Hyman
oracle sector taken
It's not the Fed; It's all Oracle and it's taken the sector with it.
eye
It's one eye on the news, and one eye on the markets.
commentary increase point waiting worrying
It's not the quarter-percentage point increase that is worrying people. We are all waiting to see if the commentary will point to one, two or more interest-rate increases.
came companies cyclical problems quarter reacting
It's the companies that came through the quarter without any problems that are the ones reacting well and they're not as cyclical as some of the others.
current cyclical stocks
It's surprising, but cyclical stocks should do better, ... And when you look at cyclicality, you don't look at current earnings.
earnings save
It's going to have to be the third-quarter earnings to save the market.
drive earnings higher push rates strong work
It's going to be push-pull this week, ... Will earnings be strong and drive the Dow to 12,000, or will higher rates work to push the Dow lower?
attract buyers
It's going to attract buyers on any pullback.
commitment looks market negative technology tone
Nothing is negative out there but there's such little commitment. The tone of the market is that technology still looks lackluster.
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.
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.
bank buy decent opportunity percent stocks values
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.