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.
More Quotes from Ralph Acampora:
You'd hate to think that one person could do this. But I think the popularity of business shows, and all the media attention that trading activity gets, I guess comments by market strategists becomes a little bit of a catalyst.Ralph Acampora
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.
Ralph Acampora
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.
Ralph Acampora
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.
Ralph Acampora
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.
Ralph Acampora
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.
Ralph Acampora
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