Ralph Acampora
Ralph Acampora
decline expect fear higher interest june market people personally rates until
Unfortunately, what has precipitated this decline is a real fear of interest rates rising. Personally and professionally, I think interest rates go a little higher than most people expect and until that happens, until we see the end of that fear, I think the market between now and the end of June is going to be very, very nervous.
above climb interest market rally rates stop time
Time is one of the important things to me as an analyst, and this rally is long in the tooth. And if interest rates climb above 4.8 percent, this market could stop on a dime.
consumer consumers critical employment hanging investors key number report spending supporting
Tomorrow's employment report is critical for the market. Investors are hanging on every number that we get. Anything to do with consumer spending is key because consumers have been supporting the economy.
critical employment report
Tomorrow's employment report is critical for the market,
blue couple days everybody feeding few happened hear itself last market narrow please rotation small stocks talking technology within
I hear everybody talking about how narrow the market is, but please look at what has happened in the last couple of days and you'll see there is rotation within the blue chips. You're getting technology and even getting a few of the small mid-cap stocks participating. It's feeding itself and I think it bodes very well for the long term.
floor longer market next people trying
I'm trying to tell people now that 10,000 is no longer the ceiling. I think it's the floor for the market over the next 5 to 10 years.
context correction definition short term
Again, my definition of correction here is short term and this correction is in the context of a long-term bullishness,
additional attempt backing bottom cannot currently early filling market meaningful necessary price rule setbacks stage taking time
At this very early stage of an attempt to put in important lows, we cannot rule out additional setbacks and volatility. Normally, time and price stabilization are necessary for the market to put in a meaningful bottom - the backing and filling that is currently taking place is part of this process.
concerned corporate five fund good higher late might mutual next start ten term
If you're a trader, I'd be concerned because you might be too late on some stocks, but if you're an investor, start to participate. And if you can't do it yourself, get a good mutual fund and have a long term view. This country, the stocks, corporate America, are going to go a lot higher over the next five to ten years.
estimates ibm pick research technology
In technology, I think I would go with the big ones. I'd go with IBM ( IBM : Research , Estimates ). That would be my first pick in the technology area.
expect stocks tech
I just want to tell everybody, don't expect tech stocks to go back to the old highs.
blue buying changed chips correction creates opinion russell talk
I have not changed my opinion on blue chips this correction creates a buying opportunity. (But) if you talk about other averages, like the Russell 2000, they look terrible.
terms
In terms of the Dow, that's around 7,400-7,500,
buy july raised target
I raised my target for the Dow to just over 12,000 in July and I still think that's doable, ... This is a very different animal. Buy the dips.