Alan Ackerman
Alan Ackerman
building buy confidence desire main negative psychology sale seeing street wall
Negative psychology is building and confidence is eroding, ... We're seeing the deterioration of the desire to buy -- everything is for sale from Main Street to Wall Street.
extreme position rotation signifies
I don't think it signifies very much. We're still in a position of extreme rotation in the markets.
condition deeply follow good hopes midst raises rally shows sign signs
It's not necessarily a sign of good things to come. But it's a rally from a deeply oversold condition so it raises hopes that there may be some follow through, ... We're not yet in the midst of rally that shows signs it is sustainable.
bad last week
Last week was a bad week for the market, and this week does not look to be more propitious,
bit build buy catalyst comments main risk today
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.
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.
cash guess markets next people sell surprise table wait
Once again, it's anybody's guess next week. It would not surprise me to see people sell on strength, take a little cash off the table and wait for the markets to stabilize.
helped reasonably today upbeat
That has helped the techs today (Wednesday). They have a reasonably upbeat forecast.
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.
earnings market mixed sloppy
The market is sloppy and choppy. This is earnings season. We're going to have a mixed bag.
highly interest looking lower psychology remains
The world is looking for lower interest rates. Clearly, the psychology world-wide remains highly nervous.
capital economic market meaningful package responding shore soon stimulus
My sense is that the market is responding to the possibility that a meaningful economic stimulus package will be in place soon that will at least shore up some of the shortfall in capital spending,
august difficult earnings enter markets september
September will be as difficult for the markets as August as we enter the earnings pre-announcement season,
combined market solid tax
One more solid salvo from the Fed, combined with a tax cut, could be the combustible combination to get the market going.