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Letter "R" » Ralph Acampora Quotes
«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.»
«What changed? It was Greenspan.»
«There has been this realization that there is tons of money on the sidelines.»
«Today was the first time we saw the 'dot-com' [Internet] stocks actually pull back? but instead of dragging the rest of the market down, the rest of the market went up, ... I was very, very impressed. In other words, we don't need the Internet stocks for leadership - we've got other names.»
«I think there are going to be a lot of bumps along the way,»
«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.»
«It's a wonderful market,»
«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.»
«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'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.»