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Letter "A" » Alan Ackerman Quotes
«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.»
«I think it's a trading rally from an oversold position, ... I don't think there's a lot of conviction behind it.»
«The level of frustration for many traders has reached a point where many are just tossing stocks into the market and have decided not to play for now,»
«We had a dull July and August is duller still,»
«There doesn't appear to be any reason why this market will break out of its current trading range. Inventories continue to be high and demand does not seem to be as high as it could be.»
«The market continues to suffer from lots of negative news,»
«September will be as difficult for the markets as August as we enter the earnings pre-announcement season,»
«Events like this bring things to a halt and raise a level of shock that is difficult to describe, ... This is a huge catastrophe and it's one that has no parallel in history.»
«The economy, which had slowed down sharply before the World Trade Center attack, was not necessarily headed for a recession. After the attack, the probability of the U.S. entering a recession is far greater,»