Ralph Acampora Sees a Stealth Bear Market

By on May 16, 2014

Ralph Acampora - Atlaira LimitedLong-time market observer Ralph Acampora of Altaira Investment Solutions provided his latest insights to CNBC’s Jackie DeAngelis this week.

Acampora noted the recent weakness in the small cap stocks and stated the large caps would soon follow the small caps down, although not as severely.

Acampora said the Russell, S&P Midcaps, NASDAQ and SOX (semiconductors) were all within 2% of breaking critical support.

Acampora stated there was a melt-up at the beginning of the year and stocks like Facebook and Amazon got way ahead of themselves. The market isn’t close to unwinding that excess, Acampora added.

Acampora sees the S&P 500 correcting between 10 and 15 percent between now and October, while the 4th quarter will be “very, very strong.”

Regarding the small and mid-cap indexes, along with the NASDAQ, Acampora predicted a 20 to 25 percent bear market, referring to it as a “stealth bear market.”

Acampora explained that the last time he observed something like this was in 1994.

Back in October, Acampora correctly predicted the Dow would rise to a level of 16,500 to 17,000 before the end of the year [link].

3 Comments

  1. Mike Schank

    May 17, 2014 at 4:05 pm

    Look out below says Ralphie. Also, falling interest rates indicate weak economic conditions dead ahead.

  2. Richard Rasch

    May 20, 2014 at 12:44 pm

    My sister’s illegitimate child made absolutely nothing by working 3 hours at her computer.

  3. Barron Maestro

    June 24, 2014 at 6:01 pm

    Yesterday, Acampora changed his tune from “about 2 months ago” (actually 5 weeks). Now he loves what he sees from the market and investors shouldn’t fight the tape. Could this mark the top? http://www.cnbc.com/id/101782697

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>