Alan Ackerman Quotes

Once again, it's anybody's guess next week. It would not surprise me to see people sell on strength, take a little cash off the table and wait for the markets to stabilize.

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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.

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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.

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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.

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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.

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It gave sellers a chance to lighten up a bit, ... On balance, this just appears to be investors taking a breather.

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I think that the wide swings in the market created a lot of pain. We have a lot of walking wounded among portfolio holders. And many institutional types decided to purge problem stocks from their portfolios as a result of the drop we saw earlier in the week. We're really in a week this week that could go in either direction, and again those four variables, the four E's, could affect that.

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

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

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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.

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While the president may be in trouble, the U.S. economy does not appear to be in trouble as of now. We have a positive economic backdrop, with low inflation, low interest rates On balance, the American economy, while slowing down, continues to be strong.

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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.

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The market has done well in the last few weeks, ... Generally speaking, the market is a bit overbought. We just have to be patient and let the market give back some of its gains.

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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.

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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.

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The jobs number was fuzzy, even though on balance it helped to perk up the market, ... Based on that number, the market is now factoring in that the economy is not weak enough for the Federal Reserve to cut interest rates in its Sept. 24 meeting.

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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.

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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.

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We may have bumped the bottom, but the question is, can we bounce back ... Right now, you have a market that has no leadership, has no conviction. I believe more people will be watching the Yankees and the Mets.

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For the moment it's a blue-chip gain, ... The economy is showing signs of improving, but techs are still lagging. So there's more safety for investors in blue chips.

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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.

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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.

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I think people are hurting and we're in a market where there is more 'sell' advice than 'buy' advice. Buying is highly selective and still full of risk.

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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.

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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.

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