Barry Hyman Quotes
This is the third 'up' day in a row and that's showing a direction. People are getting a little bit nervous -- it's been dangerous to pick bottoms before because it always turned back down. 
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Showing | Direction | People | Nervous | Dangerous |
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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.
- Barry Hyman
People look for the summer rally, and people have always complained - well, what happened to the summer rally - not understanding that the summer rally started the day after Memorial Day. So we really have had a very good summer rally. In the Nasdaq, it went up almost 40 percent off of the bottom. The Dow went up around 12 percent off the bottom. The S&P similarly. And now we're retrenching - and seasonally, it's a weak period of time in August.
- Barry Hyman