There's so much doubt out there ahead of this three-day weekend that many players are just selling into the market -- taking their cash and moving to the sidelines,
More Quotes from 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
There's a feeling that oil prices will work higher still. The U.S. is more dependent on foreign imports than it has been in a while, and with oil prices on the rise, buyers moved quickly into oil stocks and energy related stocks,
Alan Ackerman
With the confidence levels as weak as they are, it would be a mistake for the Fed not to cut rates as soon as possible.
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
The promise of a cut in interest rates before the year's end is a safety net under the market.
Alan Ackerman
The tech news exacerbates an already negative feeling,
Alan Ackerman
Readers Who Like This Quotation Also Like:
Based on Keywords: three-dayOur nuclear weapons are meant purely as a deterrent against nuclear adventure by an adversary.
Atal Bihari Vajpayee
Do not gain basely; base gain is equal to ruin.
Hesiod
We learn the rope of life by untying its knots.
Jean Toomer