Alan Ackerman
Alan Ackerman
appears chance gave investors lighten taking
It gave sellers a chance to lighten up a bit, ... On balance, this just appears to be investors taking a breather.
affect again among created decided drop earlier either four market pain portfolio problem purge result saw stocks swings types walking week wide wounded
I think that the wide swings in the market created a lot of pain. We have a lot of walking wounded among portfolio holders. And many institutional types decided to purge problem stocks from their portfolios as a result of the drop we saw earlier in the week. We're really in a week this week that could go in either direction, and again those four variables, the four E's, could affect that.
advertising certainly consumer dollars easy period playing positive retailers role spending tax watching
Most of the retailers are watching their advertising dollars very carefully. This is not going to be an easy period for retailers but it could be worse. Tax refunds are certainly playing some positive role in consumer spending patterns.
buy buys rather run upside weakness
I think they've run rather quickly, and if anything they're buys on the weakness rather to buy into the upside momentum.
concern fact overall overly picture remains ship tough turn
I think there's some concern with the fact that GE is a tough ship to turn around overnight, and that GE's overall picture still remains attractive, but not overly so,
ahead best concerned growth higher hurt interest people protect rates stocks themselves
People are concerned about higher interest rates ahead and they think the best way to protect themselves is to own growth stocks that may not be as hurt by higher rates,
bad last week
Last week was a bad week for the market, and this week does not look to be more propitious,
behind conviction rally trading
I think it's a trading rally from an oversold position, ... I don't think there's a lot of conviction behind it.
I think it's bottom-fishing from an oversold condition.
economy feeling good market plenty selling senses signs skeptics starting
I think the market senses something good going on. On the one hand, the feeling is that the economy is starting to show signs of improvement. But there are plenty of skeptics around who say that feeling may be a little premature, and they are selling on strength,
extreme position rotation signifies
I don't think it signifies very much. We're still in a position of extreme rotation in the markets.
believe bounce bumped market people question watching yankees
We may have bumped the bottom, but the question is, can we bounce back? Right now, you have a market that has no leadership, has no conviction. I believe more people will be watching the Yankees and the Mets.
believe bounce bumped market people question watching yankees
We may have bumped the bottom, but the question is, can we bounce back? ... Right now, you have a market that has no leadership, has no conviction. I believe more people will be watching the Yankees and the Mets.
bit build buy catalyst comments main risk today
Greenspan's comments did little to build confidence, ... The main catalyst today was to back away from risk and try to buy a bit of stability.