Alan Ackerman
Alan Ackerman
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.
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.
behind chains might moment orderly routine running stay strength tend time turnaround
I think for the moment the big chains are running like elephants. They tend to be behind the cheetahs and the panthers. I think they lumber along, and I think this is not necessarily the time to move. I think the turnaround isn't going to be as routine or orderly as you might expect. I'd want to stay with the strength right now.
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,
appear bear beginning currently economy investors less longer realize series summer turn
We appear to be in a summer swoon in which investors are beginning to realize it's going to take a lot longer to turn the economy around than expected, and that we're currently going to have to bear through a series of pre-announcements that are less than comfortable,
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.
flow investors itself market miss momentum money reacting turned wanting
The market itself turned around. Mood, momentum and money flow are still positive, ... is reacting to a sense of investors not wanting to miss the train.
company ill investors itself puts
When a company reverses itself in this manner, it puts investors ill at ease,
both cut economy fed flowing help interest market money next rate seen tone worst
There is a better tone to the market and money is flowing back into both the Dow and the Nasdaq. Many think we've seen the worst and the next interest rate cut by the Fed (Federal Reserve) will help get the economy going.
august dull july
We had a dull July and August is duller still,
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.
buyers came chance earlier fed last market news raise rates saw
This was the last chance for the Fed to raise rates in 1997. The market reacted earlier as if nothing would happen, and when the news came we saw some buyers but also some sellers going to work,
driving gone terrific
What's driving this is techs have gone from terrific to terrible,
earnings hands people terms
What's confounding most people out there is how do you get your hands around earnings, ... there's not that much out there in terms of earnings predictability.