Alan Skrainka Quotations
Alan Skrainka Quotes about:
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Acted Quotes
We feel we can do a service to our customers if we just get the overall trend right. We don't really practice technical analysis or try to guess the price points next week. But the trend does look like it's higher, because the Fed now is probably shifting into neutral earnings are very strong. And because the Fed acted promptly they ensured we would have another year of solid growth next year. That is what the market is anticipating.
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Drives Quotes
We think, in the short run, psychology drives the market but in the long run, fundamentals drive the market. We see very low inflation and no inflationary pressures. We think, going forward, expectations have come back down in line with fundamentals and we won't have the pressure of Fed rate hikes over the next 12 months.
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Announced Quotes
Albertson's is truly a value stock, the third-largest grocery chain, with a very stable predictable business with 29 years of higher earnings. The stock was really clobbered since they announced a merger last year that didn't quite work out. But it's still a wonderful company, at 10 times earnings.
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Bet Quotes
It's just been a very quiet day. Nobody wants to make a big bet prior to tomorrow's decision. People are pretty convinced that the Federal Reserve won't make a change to rates but they want to see the statement. It doesn't make a lot of sense to make a big commitment today when you have such an important meeting tomorrow (Tuesday).
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Anymore Quotes
It's just the nuttiest argument that I've ever heard -- this whole idea of old economy versus new economy assumes that we're all going to be sitting around in the dark, naked and hungry, surfing on the Internet. The idea that you don't need food companies or companies like Procter & Gamble anymore is just nuts.
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Bottom Quotes
It's a very unusual day for the Dow Jones because IBM and J.P. Morgan accounted for more than half the drop. We've got a lot of fear in the market place and that's going to continue. We don't know where the bottom is, so just stay the course. There's so much uncertainty and investors have so many questions that they just sell stocks.