This attack is clearly visible all over the world on television. Consequently, world equity markets are in turmoil. The uncertainty created by the attacks are likely to bring about more uncertainty abroad.
More Quotes from Alan Ackerman:
This has been an amazing market -- a 'Benny Goodman' market with plenty of swing, ... My sense is mood, momentum and money flow are still up.Alan Ackerman
Greenspan's comments did little to build confidence, ... The main catalyst today was to back away from risk and try to buy a bit of stability.
Alan Ackerman
Investors feel uncomfortable about the visibility ahead.
Alan Ackerman
We're still early in the game. I think what we saw was a rally that we've seen before over the last few years. We've had big one-day rallies that didn't really show any sustainability -- so my hope is that the market will hold here.
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
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My work has social implications, it functions in a social arena.
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