Quotes by Alan Ackerman

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.

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

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?

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.

Some sense a climax lies ahead, and others think we're getting close to the bottom,

The Nasdaq appears to be probing for a bottom, ... The more erratic the Nasdaq is, the more attractive the old economy stocks appear to be for investors who want to be risk averse.

Rate hikes bite different sectors of the economy at different rates. For example, one of the key areas that was hit hard and appears to be slowing down is housing. Consumer spending will take some time to slow down, maybe three to six months out. But in any case, what the Fed is targeting is                   GDP of 5 percent this year and a GDP hopefully next year of closer to 4 to 4-1/4 percent.

Right now, there are bulls, there are bears and there are plenty of bewildered. We're trying to get through a period of very complex cross-currents, and so far the market's done remarkably well.

Selectivity is likely to be the key of the market. Seasoned players are looking for more value opportunities now. They're looking for stocks that missed the rally.

Techs have gone from terrific to tepid to terrible,