Barry Hyman Psychology Quotations

I think this week's performance has been very indicative of a bottom. The market made a lot of sense this week, since the Fed really helped to ensure the positive psychology that is needed to maintain consumer and investor confidence.

I think the week was excellent. The Fed, even though the reaction was delayed, reinvigorated the psychology of the market. It's reinforcing the belief that these interest rate cuts will be the medicine for the economy.

The psychology is just not there for the economy to make any substantial move until we get through the Fed meeting. There's really no selling pressure, it's just tremendous volatility.

There are certainly negatives out there, ... But the psychology has changed and the bad news isn't having as big an effect on the broader market.

I don't think the economy can really withstand the equity markets dropping down and giving back all of its gains ? that would really hamper consumer confidence. The one thing that has changed is psychology ? it's time to look forward to what the effect interest rate cuts mean for the economy.