This is still a time to be reasonably cautious. The durability of rallies leaves lot to be desired. People need to be selective in what they choose to buy, and they need to be more internationally aware than they were before.
More Quotes from 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
Clearly, confidence is being impacted by the fact that many feel the Fed has strangled the economy and inflation remains low, ... Fed Chairman Alan Greenspan will be in office until 2004 and, at the moment, he seems to be the man who makes or breaks the market based upon the Fed's policy.
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
The big question making the rounds now is How does one really judge value and are strong first-quarter earnings (expectations) already factored into technology stocks
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
Next week will be very tense, full of sadness and recollections about Sept. 11 ... Prudent investors may not want to commit money until after we cross that date.
Alan Ackerman
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