54 ordspråk av Ralph Acampora
Ralph Acampora
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.
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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.
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Our new conservative 1999 Dow target is 12,000/12,300 based solely on the fact that interest rate concerns are behind us for a while and now we have improved earnings expectations ahead of us.
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Price is fact. Earnings on the other hand are estimates. You restate earnings. You never restate price.
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Sentiment can change overnight. Good news is good news again.
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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.
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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.
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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.
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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.
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The year-end rally looked terrific in November, but it's been disappointing in December.
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There has been this realization that there is tons of money on the sidelines.
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There's 'hot money' -- hedge fund money, more aggressive money -- if they sense anything out of the ordinary, they bail out quickly, en masse.
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There's a lot of uncertainty going into the end of the year.
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This is beautiful and it's going to last a long time.
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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.
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