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.
More Quotes from Alan Ackerman:
It reaffirms the fact that it wasn't just the outcome of the election that weighed heavily on the market -- it's concern about corporate earnings and the more-than-frequent flow of profit warnings coming from some of the strong companies, ... Earnings disappointments are overpowering the election results for now, particularly in the financial sector.Alan Ackerman
Higher energy costs will clearly affect individuals and businesses alike, ... It is in fact an invisible tax that the economy could well do without.
Alan Ackerman
IBM's announcement today hopefully is a harbinger of things to come, ... Investors need to know there's a sense of value among market leaders. IBM stepped up to the plate, and the market seemed to have rallied on the news and inspired other investors.
Alan Ackerman
It's all about the Fed. It's all about interest rate jitters. It's all about a lot of money moving to the sidelines. And more importantly, we're starting to see investor paralysis. Volume is light. Not too many people want to put money to work until the Fed meets on the 28th,
Alan Ackerman
The Microsoft ruling is a pep pill for business overall because it indicates the current (White House) administration is likely to be more pro-business than the previous administration.
Alan Ackerman
Each day is another adventure, ... We have complex cross currents working in an environment where we have a nasty and negative tone.
Alan Ackerman
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