Ralph Acampora
Ralph Acampora
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.
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.
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,
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.
action bull climb history markets normal price seeing today wall
Many comparisons have been made with the markets of the 1950s and 1960s. If you go back in history you climb a wall of worry. The price action we are seeing today is actually normal action in a bull market.
bull market
What makes a bull market live is rotation, and we have the rotation.
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.
advice forecast market powerful raised reason
I raised my forecast to at least 10,000. And the reason is -- the market is so powerful internally It's very impressive. My advice is -- get in!.
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.
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.
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.