Acampora Sees Second Half Plunge

[mschey]

I covered short (perhaps an 8 point loss) went long and made 15....working out great so far. I don't think it was ralph so much as it was favorable economic data, and a large amount of cash on the sidelines. If you have a fund and miss a move like this your investors are going to be very unhappy, and search for another place to park your money.

 

[Surdo]

Quote from Trader5287:


Ralph Acampora, managing director of Knight Capital Group and one of America's most revered technical gurus, said he expected a nasty slide of up to 25pc in the main markets over the second half.

Now that's what I call a perfect fade, mkts up almost 5% in 2 days!

 

[Landis82]

Quote from Surdo:

Now that's what I call a perfect fade, mkts up almost 5% in 2 days!

 

[Pekelo]

Abby "bullish" Cohen sees 1400 for SPX at year's end. That would be like 13% up or so...

 

[lindq]

Quote from nonam:

Anyone know what Bob Brinkers outlook is?

No, but I personally don't make a move until I hear what
Elaine Garzarelli has to say.

 

[Trader5287]

More on Martin Pring who is now questioning whether commod bull market may end. This interview (data through 8/18/06) was posted on Bill Cara's market blog.

http://www.pring.com/movieweb/commodity/commodity.html