Alan Ackerman

Alan Ackerman
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I think the market senses something good going on. On the one hand, the feeling is that the economy is starting to show signs of improvement. But there are plenty of skeptics around who say that feeling may be a little premature, and they are selling on strength,
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The Fed has to set a leadership mode for the U.S. economy and the market will follow.
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Investors are back to looking at the economy, corporate earnings, and unfortunately the continued saga of corporate shenanigans,
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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.
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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.
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Bargain hunters are surfacing today. The feeling going into next year is the economy is going to slow down.
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The jobs number was fuzzy, even though on balance it helped to perk up the market, ... Based on that number, the market is now factoring in that the economy is not weak enough for the Federal Reserve to cut interest rates in its Sept. 24 meeting.
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Higher energy costs will clearly affect individuals and businesses alike, ... It is in fact an invisible tax that the economy could well do without.
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My feeling is the Fed hasn't clearly indicated that it's fighting a slower economy rather than inflation. Economists and individual investors would like to see the Fed cut rates by 75 basis points and I do believe that would take some of the pressure off the consumer.
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Investors are being cautiously optimistic. There's a desire to put money back into the market based on a feeling that the worst of the economy may be behind us, ... However, there's not enough evidence of that.
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It's the higher multiples that have put off buyers for now, ... If the economy slows, it will affect technology stocks.
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Also, this market still needs the underpinning of improved corporate earnings. We've not got the evidence that that's happening in a meaningful way. I like the way it has stabilized following the sharp moves since Sept. 21, but I am concerned that not enough fundamentals are in place.
concerned corporate evidence following happening improved market meaningful moves needs sharp since
Also, this market still needs the underpinning of improved corporate earnings, ... We've not got the evidence that that's happening in a meaningful way. I like the way it has stabilized following the sharp moves since Sept. 21, but I am concerned that not enough fundamentals are in place.
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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.