I think there's some concern with the fact that GE is a tough ship to turn around overnight, and that GE's overall picture still remains attractive, but not overly so,
More Quotes from Alan Ackerman:
So far today, we've had an uninspiring, choppy session,Alan Ackerman
There's some concern that there is inflation in the pipeline, ... And with the dollar's weakness, the stock market traded in a narrow range.
Alan Ackerman
It was a livable number, ... It encouraged some bargain hunters to go to work.
Alan Ackerman
There are four key elements affecting the market, and all happen to begin with the letter 'e,' ... The economy, earnings, the Enron spill-off and escalation of border tensions, such as those between India and Pakistan and Israel and Palestine.
Alan Ackerman
Some sense a climax lies ahead, and others think we're getting close to the bottom,
Alan Ackerman
Most of the retailers are watching their advertising dollars very carefully. This is not going to be an easy period for retailers but it could be worse. Tax refunds are certainly playing some positive role in consumer spending patterns.
Alan Ackerman
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