Ralph Acampora Quotations

What makes a bull market live is rotation, and we have the rotation.

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.

Sentiment can change overnight. Good news is good news again.

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.

Be aggressive because we believe that this summer season will be a very exciting and bullish affair,

I think we could have a spillover effect.

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.

I think there are going to be a lot of bumps along the way,

Price is fact. Earnings on the other hand are estimates. You restate earnings. You never restate price.

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.

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.

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.

Tomorrow's employment report is critical for the market. Investors are hanging on every number that we get. Anything to do with consumer spending is key because consumers have been supporting the economy.

Tomorrow's employment report is critical for the market,

There has been this realization that there is tons of money on the sidelines.

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.

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.

We give the market the benefit of the doubt that the near-term strength will carry through to the upside,

There's 'hot money' -- hedge fund money, more aggressive money -- if they sense anything out of the ordinary, they bail out quickly, en masse.

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.

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.

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.

This is beautiful and it's going to last a long time.

The year-end rally looked terrific in November, but it's been disappointing in December.

There's a lot of uncertainty going into the end of the year.

As we sit back and digest these volatile days, one thing definitely comes to mind -- and the word is rotation. As long as we can see money move from one sector to another, that is constructive. Hence, stock selection is key.

Abby's done a great job, ... I think she's fine-tuning it a little bit.

it's the same names and it's not broad at all. I hope they've learned that Wall Street is not an easy day-trading event.

It's one thing to have a 257-point up day. What you really want to see is the following day when you see the upside follow-through, and that's what we're getting, and I think it puts people at ease.

It's one thing to have a 257-point up day, ... What you really want to see is the following day when you see the upside follow-through, and that's what we're getting, and I think it puts people at ease.

It's been a great month. I think September will be fine.

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.

Again, my definition of correction here is short term and this correction is in the context of a long-term bullishness,

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.

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.

I just want to tell everybody, don't expect tech stocks to go back to the old highs.

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.

If you're a trader, I'd be concerned because you might be too late on some stocks, but if you're an investor, start to participate. And if you can't do it yourself, get a good mutual fund and have a long term view. This country, the stocks, corporate America, are going to go a lot higher over the next five to ten years.

In technology, I think I would go with the big ones. I'd go with IBM ( IBM : Research , Estimates ). That would be my first pick in the technology area.

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.

In terms of the Dow, that's around 7,400-7,500,

I raised my target for the Dow to just over 12,000 in July and I still think that's doable, ... This is a very different animal. Buy the dips.

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!.

I don't want to fight the Fed. But where are they?

The good news about the market's July to September 1998 decline is that so far it has created quite a bit of value, especially in the large capitalization area. It is now time for those who have a long term perspective to start picking through the rubble of the past several months and identify those groups and stocks that hopefully will bottom out in the weeks ahead and will become new investment vehicles. Start your search now.