Alan Ackerman
Alan Ackerman
banking best both building coming drill earnings either firm gas held investment major market natural next ocean pipeline poor seven stocks year
I like two stocks, Apache and Ocean Energy. I don't own either of them. The firm doesn't make a market in any of them. We don't have an investment banking relationship, to the best of my knowledge, but I think both stocks have done well in the poor market, ... Apache is really building a pipeline of reserves. They drill in seven major countries. They're natural gas rich. They have held in this market and I think we can look for big earnings coming up over the next year or two.
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.
helped reasonably today upbeat
That has helped the techs today (Wednesday), ... They have a reasonably upbeat forecast.
benny difficult handle lots market moving
This has been a Benny Goodman-type market, ... lots of swing, and it's very, very difficult to get a handle on long-term positioning when the market is moving up and down so rapidly.
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.
lots market pulling stocks today
The market story today is essentially Cisco. It's pulling lots of other stocks down,
bargain encouraged hunters livable
It was a livable number, ... It encouraged some bargain hunters to go to work.
correction since type
I think we've been in a type of correction since mid-June.
among hopefully ibm inspired investors market news seemed stepped today value
IBM's announcement today hopefully is a harbinger of things to come. Investors need to know there's a sense of value among market leaders. IBM stepped up to the plate, and the market seemed to have rallied on the news and inspired other investors.
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,
august continued full headed month negative next seems september week
We go into next week with continued uncertainty and wall-to-wall worries. The month of August was full of negative surprises, and September seems to be headed in that direction.
markets
What you've got now is world markets whipsawing. It's a letdown, not a meltdown.
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,
adventure balance capital corporate debt hardly lots money period sheets sidelines spending
We're in a period when capital spending has slowed to a waltz, corporate profitability is hardly visible, and balance sheets are just inundated with debt ? that's not a comfortable picture. Each day is a new adventure in the market. There's lots of money on the sidelines but no willingness to commit.