Alan Ackerman
Alan Ackerman
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.
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.
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.
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.
appear aside caused commit funds investors market momentum retail slower step volatility worked
Retail investors appear to be slower to commit funds to the market this time, ... The market's momentum and volatility has caused some investors to step aside as the market has worked lower.
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.
earnings management stay stocks trend
Stay with the big stocks with the big backlog and big trend of earnings and with management that have been there before,
cut door economic fed further good helped left microsoft open together
Some good economic news, together with a Microsoft ruling, helped energize the market, ... While many were disappointed that the Fed's quarter-point cut wasn't larger, the door has been left open for a further Fed move.
affect businesses clearly costs economy energy fact higher invisible tax
Higher energy costs will clearly affect individuals and businesses alike, ... It is in fact an invisible tax that the economy could well do without.
balance based cut economy federal helped interest jobs market number perk rates reserve though weak
The jobs number was fuzzy, even though on balance it helped to perk up the market, ... Based on that number, the market is now factoring in that the economy is not weak enough for the Federal Reserve to cut interest rates in its Sept. 24 meeting.
business current likely microsoft overall pill previous ruling
The Microsoft ruling is a pep pill for business overall because it indicates the current (White House) administration is likely to be more pro-business than the previous administration.