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