Barry Hyman Problems Quotations

This is a market that is assuming everything is going to get better. There's been too much commentary by the chairmen of these companies that these problems are inventory but everything is based on a turn of the economy ? that's what the Fed is there for.

Cisco's story was that inventory concerns and demand driven problems are not fixable as early as Wall Street expected, ... People are understanding the impact of what Cisco said. Wall Street wants to believe things are rosy in that sector and they're just not.

The problems are the same: Interest rates are high, and the economy is strong. It is affecting those sectors that are credit sensitive.

I think it's too late to be worried about where your tech stock is going to go from here. There are some opportunities out there and we are aware of the short-term problems in the marketplace with the Fed being aggressive. So, we're not looking for a very vigorous rally over the next one to three months. There will be trading rallies. But the investor, the small investor, the intermediate-to-long-term investor should use the summer time, which is seasonally weak for technology stocks, to start to accumulate an easier way into some of these great companies,

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.

This market has got problems and it's got earnings problems and it has not discounted yet. You have to expect to be bombarded every day by more earnings warnings in technology.