Alan Ackerman
Alan Ackerman
appears completing market starting week
Essentially we're just completing a week where there appears to be some market stabilization starting to surface,
fed interest investor meets money moving people rate starting until volume work
It's all about the Fed. It's all about interest rate jitters. It's all about a lot of money moving to the sidelines. And more importantly, we're starting to see investor paralysis. Volume is light. Not too many people want to put money to work until the Fed meets on the 28th,
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.
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,
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.
quite sands strength taken took weakness
The sands have shifted, ... Wachovia's weakness took the strength out of the financials and Qualcomm has taken quite a hit.
bargain encouraged hunters livable
It was a livable number, ... It encouraged some bargain hunters to go to work.
aggression collapse deeply dig executive quick touched
Enron's quick collapse touched off more aggressiveness by regulators and prompted them to dig more deeply into executive dealings.
earnings hanging hats investors next optimism
Earnings, by and large, are what investors are hanging their hats on, ... Some earnings improvements have prompted some optimism, but we'll know more about that next week.
filled halt might orderly rather trading
Even if a trading halt were put in, it might be 'something to do about nothing,' ... This is an orderly drop, rather than one filled with panic.
ahead cash doubt market moving players selling taking weekend
There's so much doubt out there ahead of this three-day weekend that many players are just selling into the market -- taking their cash and moving to the sidelines,
buyers dependent energy feeling foreign higher imports moved oil prices quickly related stocks work
There's a feeling that oil prices will work higher still. The U.S. is more dependent on foreign imports than it has been in a while, and with oil prices on the rise, buyers moved quickly into oil stocks and energy related stocks,
chasing fed genie technology
There's some technology follow- through, ... Some feel that the Fed is chasing a genie that's not yet out of the bottle.
concern inflation market narrow stock traded
There's some concern that there is inflation in the pipeline, ... And with the dollar's weakness, the stock market traded in a narrow range.