Alan Ackerman Rally Quotations

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.

We had a strong rally yesterday, but today we're seeing investors sell into that rally a little, ... We're in a trading market. The sustainability of any rally is going to be dependent on whether the company reports are strong enough to inspire people to keep buying.

It's not necessarily a sign of good things to come. But it's a rally from a deeply oversold condition so it raises hopes that there may be some follow through, ... We're not yet in the midst of rally that shows signs it is sustainable.

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.

I think it's a trading rally from an oversold position, ... I don't think there's a lot of conviction behind it.