Bargain hunters are surfacing today. The feeling going into next year is the economy is going to slow down.
More Quotes from Alan Ackerman:
The U.S. economic recovery appears to be further down the road than many expected, so another cut in interest rates is not likely to mean a great deal, ... What's more important is when companies report they're starting to see a reduction in inventories.Alan Ackerman
We're seeing strength in technology and current optimism is based upon inventories worked down -- even Motorola indicated they're making progress in that direction, ... Techs are doing well and people will be combing their lists of stocks to buy for the long-term, but it's going to be a highly selective process.
Alan Ackerman
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.
Alan Ackerman
The housing starts did cast a shadow over the market, which currently has to contend with lots of short-term challenges,
Alan Ackerman
This market continues to go to extremes, ... Techs have sold down sharply. Now there's a bit of bargain hunting from what appears to be very cheap levels.
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.
Alan Ackerman
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Based on Topics: Emotions QuotesBased on Keywords: surfacing
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