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.
More Quotes from Alan Ackerman:
We've got to be wary of the four T's tech, telecom, terrorism and timidity, ... We're also in the summer stall. No one is eager to move in. There's a real lack of conviction.Alan Ackerman
So far today, we've had an uninspiring, choppy session,
Alan Ackerman
Most of the attention will be riveted to the Fed meeting on March 20th, ... We are no longer a U. S. market isolated from the rest of the world foreign markets react to what happens here. I think the U. S. has to take the lead here in aggressively cutting interest rates.
Alan Ackerman
The biggest bull market in history still appears to be intact, ... Although the market is up tenfold since 1982 and lots of wealth has been created, there are still buyers to be found on market pullbacks.
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 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
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