Ralph Acampora
Ralph Acampora
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,
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.
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.
expect stocks tech
I just want to tell everybody, don't expect tech stocks to go back to the old highs.
higher last nervous
Everybody's nervous (about a correction), but this is going to last a while. We'll go a lot higher between now and the end of the year.
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.
blue bullish chip flow leadership
We've been bullish for a little over two years. What was in place for two years is still in place: blue chip leadership and the flow of funds.
benefit carry doubt market strength
We give the market the benefit of the doubt that the near-term strength will carry through to the upside,
aggressive bail fund money
There's 'hot money' -- hedge fund money, more aggressive money -- if they sense anything out of the ordinary, they bail out quickly, en masse.
bull early last market months stages
the bull market is only 3 months old. . . . We're in the early stages of something that's going to last a long, long time.
beautiful driving impressive narrow quality stocks
The thing that's very, very impressive is the quality of the stocks that are driving this. It's a very narrow list, but a very beautiful list.
blue exactly small sorts
The thing that really impresses me the most is that this market's broadening out. You have not only blue chips, you have small and mid-cap names. You have all sorts of industries. This is exactly what you want.
beautiful last
This is beautiful and it's going to last a long time.
camp investors technology telling
Capitulation isn't a one-day phenomena. I'm in the camp that you have to get a wash-out and I'm telling investors to rotate ? the world doesn't revolve just around technology stocks.