I think that the wide swings in the market created a lot of pain. We have a lot of walking wounded among portfolio holders, ... And many institutional types decided to purge problem stocks from their portfolios as a result of the drop we saw earlier in the week. We're really in a week this week that could go in either direction, and again those four variables, the four E's, could affect that.
More Quotes from 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
Stay with the big stocks with the big backlog and big trend of earnings and with management that have been there before,
Alan Ackerman
The economy, which had slowed down sharply before the World Trade Center attack, was not necessarily headed for a recession. After the attack, the probability of the U. S. entering a recession is far greater,
Alan Ackerman
A lower interest rate cycle is under way and lower interest rates are likely to prompt more money into the markets, ... For now it appears to be a 'safety first' posture, so we're seeing money rotating into better blue chip names that are more predictable in terms of earnings flow.
Alan Ackerman
When a company reverses itself in this manner, it puts investors ill at ease,
Alan Ackerman
The market has done well in the last few weeks, ... Generally speaking, the market is a bit overbought. We just have to be patient and let the market give back some of its gains.
Alan Ackerman
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Based on Topics: Pain Quotes, Walking QuotesA slender acquaintance with the world must convince every man that actions, not words, are the true criterion of the attachment of friends.
George Washington
Pilots take no special joy in walking. Pilots like flying.
Neil Armstrong
I would also like to thank my father who discouraged me from playing the violin at an early age.
Paul Desmond