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.
More Quotes from Ralph Acampora:
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.Ralph Acampora
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.
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
Expect more of the same choppy activity as the Dow meanders around the 10,000 level. Unfortunately, the leadership is expected to remain very narrow as the negative (market) breadth problem continues.
Ralph Acampora
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.
Ralph Acampora
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.
Ralph Acampora
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