Alan Ackerman
Alan Ackerman
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.
correction since type
I think we've been in a type of correction since mid-June.
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.
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.
appears completing market starting week
Essentially we're just completing a week where there appears to be some market stabilization starting to surface,
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.