Alan Ackerman
Alan Ackerman
appears companies cut economic further great interest likely mean rates recovery reduction report road starting
The U.S. economic recovery appears to be further down the road than many expected, so another cut in interest rates is not likely to mean a great deal, ... What's more important is when companies report they're starting to see a reduction in inventories.
companies fact lots lowering money moved people tech
Lots of money has moved to the sidelines, ... People are not comfortable with the uncertainty ahead, made up of the fact that many of the tech companies keep lowering their guidance.
companies contracted drop market nasty negative period publicly room short year
With a market as nasty and negative as it is at the moment, there's little room for error. The Nasdaq has contracted very sharply in a short period of time. Its drop in a year is approximately 60 percent, but this is not representative of all companies that are publicly traded.
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.
although appears biggest bull buyers found history lots market since wealth
The biggest bull market in history still appears to be intact, ... Although the market is up tenfold since 1982 and lots of wealth has been created, there are still buyers to be found on market pullbacks.
helped reasonably today upbeat
That has helped the techs today (Wednesday). They have a reasonably upbeat forecast.
helped reasonably today upbeat
That has helped the techs today (Wednesday), ... They have a reasonably upbeat forecast.
cash guess markets next people sell surprise table wait
Once again, it's anybody's guess next week. It would not surprise me to see people sell on strength, take a little cash off the table and wait for the markets to stabilize.
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.
economy fed leadership market mode
The Fed has to set a leadership mode for the U.S. economy and the market will follow.
catalyst clearing market reaching rebound sure turn type
It will take some type of catalyst to turn this market. One can't be sure what that will be or when we will see it. Meanwhile, valuations are contracting significantly and my sense is that the market is reaching an oversold condition. Much of the market's rebound will have to do with clearing up some of the uncertainties.
highly interest looking lower psychology remains
The world is looking for lower interest rates. Clearly, the psychology world-wide remains highly nervous.
cash continued despite downside earnings pressure public remains sector seems sidelines state street tech today wall
The public is in a semi-shocked state and cash remains on the sidelines on Wall Street despite everything being on sale, ... The main downside pressure seems to be continued earnings disappointments in the tech sector and we had downgrades today that were troublesome.