Alan Ackerman Quotes (99 Quotes)

Investors are being cautiously optimistic. There's a desire to put money back into the market based on a feeling that the worst of the economy may be behind us, ... However, there's not enough evidence of that.

The U.S. economic recovery appears to be further down the road than many expected, so another cut in interest rates is not likely to mean a great deal, ... What's more important is when companies report they're starting to see a reduction in inventories.

We're in a period when capital spending has slowed to a waltz, corporate profitability is hardly visible, and balance sheets are just inundated with debt that's not a comfortable picture. Each day is a new adventure in the market. There's lots of money on the sidelines but no willingness to commit.

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.

Royal Dutch is the second-biggest energy company in the world. They've been buying back their own stock, ... They bought 3 billion back last year, 1.5 billion this year and I think that's a play because its selling below its peers.

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.

The market continues to suffer from lots of negative news,

Lots of money has moved to the sidelines, ... People are not comfortable with the uncertainty ahead, made up of the fact that many of the tech companies keep lowering their guidance.

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.

Apache has outperformed the market. It's up 9.8 percent so far this year, ... Apache is a driller that also benefits from increased business overseas. That means that the lower dollar is a benefit to them. They've got a big find in Egypt. It's an independent oil and gas company that I think has lots of room to run. I wouldn't be afraid to buy it here. It's been a market leader even over the last 12 months.

This was the last chance for the Fed to raise rates in 1997. The market reacted earlier as if nothing would happen, and when the news came we saw some buyers but also some sellers going to work,

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.

Earnings, by and large, are what investors are hanging their hats on, ... Some earnings improvements have prompted some optimism, but we'll know more about that next week.

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.

The tech news exacerbates an already negative feeling,

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.

The market has weathered a poor earnings period and increased anthrax anxiety and has come out of it pretty well. I'm encouraged. The imminent economic stimulus package and Federal Reserve cuts are providing further encouragement,

There's been no shortage of negative news lately, and this event is likely to further depress the markets,

The housing starts did cast a shadow over the market, which currently has to contend with lots of short-term challenges,

I think gains in the market have outrun fundamentals. The move has been too much too soon. I see the likelihood of a pullback next week.

We're almost worn out with earnings. So many have surfaced of late.

For the most part it appears most of the bad news is out.

So far today, we've had an uninspiring, choppy session,

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,

I think there's some concern with the fact that GE is a tough ship to turn around overnight, and that GE's overall picture still remains attractive, but not overly so,

We're in a light week that's light on news, light on earnings and light on volume, ... Most of the attention is focused on Cisco. The techs have been sprightly but they've left a bit to be desired.

Here and there, we may have a ray of sunshine. Some companies may report better-than-expected earnings, ... But, on balance, in this climate, those reports are not likely to fuel markets to move much higher.

Warren Buffett has shown the ability to endure. He hasn't lost his touch.

The market story today is essentially Cisco. It's pulling lots of other stocks down,

They pay a dividend that's very, very attractive and they've had growth that's outperformed the SP 500.

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.

We're starting to find that investors in particular are measuring their risks carefully and are not afraid to put their money to work at this time.

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.

The economic backdrop in the U. S. is still attractive, prompting bargain hunters to go to work as we approach year-end.

I think it's a constructive move. He's an experienced hand who is clearly effective in dealing with bright, energized thinkers. I don't expect the Senate to have many problems with this nomination.

We had an indication today that the unemployment numbers may be up a bit. Lots of eyes will be on the employment numbers tomorrow (Friday) with the hope that the jobless market will ease just a bit and price pressures may ease along with them.

I think for the moment the big chains are running like elephants. They tend to be behind the cheetahs and the panthers, ... I think they lumber along, and I think this is not necessarily the time to move. I think the turnaround isn't going to be as routine or orderly as you might expect. I'd want to stay with the strength right now.

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,

It's OK to buy on the dips but it's not OK to commit much money at this time, but we are seeing signs of stability.

While bargain hunters are going to work, the market is still suffering from a low level of consumer confidence, ... I'd be in no hurry to pull the trigger and be a buyer at the moment but I would be building a buy list.

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.

I like two stocks, Apache and Ocean Energy. I don't own either of them. The firm doesn't make a market in any of them. We don't have an investment banking relationship, to the best of my knowledge, but I think both stocks have done well in the poor market, ... Apache is really building a pipeline of reserves. They drill in seven major countries. They're natural gas rich. They have held in this market and I think we can look for big earnings coming up over the next year or two.

With a market as nasty and negative as it is at the moment, there's little room for error. The Nasdaq has contracted very sharply in a short period of time. Its drop in a year is approximately 60 percent, but this is not representative of all companies that are publicly traded.

The real problem is that until we get through this earnings period, there's going to be an awful lot of skepticism out there about whether or not companies met their objective, and concern over the economy.

You've got bargain hunting among the blue chips on the promise that the U. S. may be able to contain the violence in the Middle East,

The world is looking for lower interest rates. Clearly, the psychology world-wide remains highly nervous.

There is likely to be turbulence ahead. Earnings disappointments are devastating. This is not a time to loosen the safety belts,

My sense is that an earnings recovery is further away than expected and there is no immediate catalyst to turn this market sharply higher. We could have a trading rally, but on balance, people are still nervous about the earnings outlook.

We're still three-to-four weeks away from second-quarter earnings reports and there's nothing really to light a candle under stocks,

Bargain hunters are surfacing today. The feeling going into next year is the economy is going to slow down.