Retail investors appear to be slower to commit funds to the market this time, ... The market's momentum and volatility has caused some investors to step aside as the market has worked lower.
More Quotes from Alan Ackerman:
With a market as nasty and negative as it is at the moment, there's little room for error. The Nasdaq has contracted very sharply in a short period of time. Its drop in a year is approximately 60 percent, but this is not representative of all companies that are publicly traded.Alan Ackerman
The promise of a cut in interest rates before the year's end is a safety net under the market.
Alan Ackerman
The market itself turned around. Mood, momentum and money flow are still positive, ... is reacting to a sense of investors not wanting to miss the train.
Alan Ackerman
People are concerned about higher interest rates ahead and they think the best way to protect themselves is to own growth stocks that may not be as hurt by higher rates,
Alan Ackerman
It gave sellers a chance to lighten up a bit, ... On balance, this just appears to be investors taking a breather.
Alan Ackerman
We are in an environment which clearly seems to benefit from a 'feel good' phenomenon.
Alan Ackerman
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