Ralph Acampora
Ralph Acampora
anxiety backing enthusiasm number quite round takes
I think quite often when you get to a round number you have a lot of anxiety. This backing off is healthy. It takes some of the enthusiasm out.
bull market
What makes a bull market live is rotation, and we have the rotation.
earnings hand price
Price is fact. Earnings on the other hand are estimates. You restate earnings. You never restate price.
flirting good move number profits took
I think that you are going to be flirting with that number back and forth. I think good traders, on the excitement, probably took some profits and I think that we will vacillate and move a lot higher.
along bumps
I think there are going to be a lot of bumps along the way,
I think we could have a spillover effect.
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.
great september
It's been a great month. I think September will be fine.
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,
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.
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.
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,