Alan Ackerman
Alan Ackerman
negative news tech
The tech news exacerbates an already negative feeling,
bears complex far period plenty remarkably trying
Right now, there are bulls, there are bears and there are plenty of bewildered. We're trying to get through a period of very complex cross-currents, and so far the market's done remarkably well.
appears areas bite closer consumer economy economy-and-economics fed hard hikes hit hopefully key maybe months next percent rate six slowing spending targeting three time year
Rate hikes bite different sectors of the economy at different rates. For example, one of the key areas that was hit hard and appears to be slowing down is housing. Consumer spending will take some time to slow down, maybe three to six months out. But in any case, what the Fed is targeting is                  GDP of 5 percent this year and a GDP hopefully next year of closer to 4 to 4-1/4 percent.
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.
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.
gone terrific
Techs have gone from terrific to tepid to terrible,
key likely looking missed players stocks value
Selectivity is likely to be the key of the market. Seasoned players are looking for more value opportunities now. They're looking for stocks that missed the rally.
ability lost shown warren
Warren Buffett has shown the ability to endure. He hasn't lost his touch.
appears attractive economy erratic investors risk stocks
The Nasdaq appears to be probing for a bottom, ... The more erratic the Nasdaq is, the more attractive the old economy stocks appear to be for investors who want to be risk averse.
amazing flow market momentum money plenty
This has been an amazing market -- a 'Benny Goodman' market with plenty of swing, ... My sense is mood, momentum and money flow are still up.
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.