Alan Ackerman
Alan Ackerman
ability lost shown warren
Warren Buffett has shown the ability to endure. He hasn't lost his touch.
decided fantasy flights high hike ongoing pressured rate reality return terms turn
We've had a decided turn from flights of fantasy to a return to reality in terms of valuations, ... They are pressured by high price-to-earnings ratios and ongoing (interest) rate hike concerns.
appear break continue current demand high market reason seem trading
There doesn't appear to be any reason why this market will break out of its current trading range. Inventories continue to be high and demand does not seem to be as high as it could be.
awful companies concern earnings met problem skepticism until whether
The real problem is that until we get through this earnings period, there's going to be an awful lot of skepticism out there about whether or not companies met their objective, and concern over the economy.
clearly correction remains whether
We are clearly in a consolidation, whether we are in a correction or not remains to be seen,
basis believe clearly cut economists economy fed feeling fighting individual investors points pressure rates rather slower
My feeling is the Fed hasn't clearly indicated that it's fighting a slower economy rather than inflation. Economists and individual investors would like to see the Fed cut rates by 75 basis points and I do believe that would take some of the pressure off the consumer.
combined market solid tax
One more solid salvo from the Fed, combined with a tax cut, could be the combustible combination to get the market going.
coming earnings hardly ignore reports slowing state strength weakness
One can hardly ignore the strength or weakness of the earnings reports coming out nor can they ignore the slowing state of the U.S. economy.
buying current dust favorites settle suggestion
My current suggestion is to let the dust settle and look for buying opportunities, ... One of my favorites is Pfizer.
capital economic market meaningful package responding shore soon stimulus
My sense is that the market is responding to the possibility that a meaningful economic stimulus package will be in place soon that will at least shore up some of the shortfall in capital spending,
catalyst earnings expected further immediate market nervous people recovery trading turn
My sense is that an earnings recovery is further away than expected and there is no immediate catalyst to turn this market sharply higher. We could have a trading rally, but on balance, people are still nervous about the earnings outlook.
far
So far today, we've had an uninspiring, choppy session,
commit cross full investors money next prudent sadness until week
Next week will be very tense, full of sadness and recollections about Sept. 11 ... Prudent investors may not want to commit money until after we cross that date.
building buy confidence desire main negative psychology sale seeing street wall
Negative psychology is building and confidence is eroding, ... We're seeing the deterioration of the desire to buy -- everything is for sale from Main Street to Wall Street.