Quotations
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Alan Ackerman Quotes
«Investors feel uncomfortable about the visibility ahead.»
Author: Alan Ackerman
«It's the higher multiples that have put off buyers for now, ... If the economy slows, it will affect technology stocks.»
Author: Alan Ackerman
«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.»
Author: Alan Ackerman
«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.»
Author: Alan Ackerman
«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.»
Author: Alan Ackerman
«Clearly, confidence is being impacted by the fact that many feel the Fed has strangled the economy and inflation remains low, ... [Fed Chairman Alan] Greenspan will be in office until 2004 and, at the moment, he seems to be the man who makes or breaks the market based upon the Fed's policy.»
Author: Alan Ackerman
«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.»
Author: Alan Ackerman
«We're in a light week that's light on news, light on earnings and light on volume, ... Most of the attention is focused on Cisco. The techs have been sprightly but they've left a bit to be desired.»
Author: Alan Ackerman
«We've seen natural gas and energy prices back down, ... There certainly is no indication that the inventories for oil or natural gas are building in any meaningful way. If OPEC should cut production, we're going to see a rise in oil prices.»
Author: Alan Ackerman
«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.»
Author: Alan Ackerman