Market Thoughts From a Raging Bull
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Investors itching for a reason to become more bullish on stocks have just hit pay-dirt. Here are 11 reasons cited by New York Institute of Finance instructor and noted market technician Ralph Acampora. He is a self-proclaimed secular bull and thinks the market is about to begin its next leg higher. Interestingly, the list makes little mention of technical analysis, which is a little strange considering his credentials. Oh well. Here you go:
1) The March 2009 Low Was And Is A Generational Low - Just Like The Oct/Dec 1974 Bottom - We Will Work Our Way Irregularly Higher
2) NYSE Breadth Is At All Time New Highs - The Majority Of Stocks Are Doing Very Well
3) With Close To 50 Years Experience I Have Never Seen So Many People, So Negative On The Stock Market, For So Long
4) The Market Has Doubled Since Its 3/09 Low And There Is Still Trillions Of Dollars On The Sidelines - This Is More Fuel For The Bull
5) The 10-Year Yield Broke Above 1.9% Recently - The Bottom In Yields Is In And The Air Is Slowly Coming Out Of The Bond Bubble
6) Rotation Is The Life-Line Of Every Bull Market - The Long Overlooked Financials Are Leading - This Is Very Bullish
7) Most Markets Around The World Are Doing Well Despite Local Problems. Negative News Has Been Largely Discounted
8) China Has Bottomed - It Will Help Power The Global Recovery; And Japan Is Boosting Its Stimulus
9) The European Bellwether - The DAX - Is About 2% Away From An All Time New High - That Has To Be A Fantastic Omen For Europe
10) Like The Late 1970s, The "Street" Is Contracting Because The Equity Market Is Out Of Favor With The Public - Don't Follow The Herd
11) And Lastly: "Don't Fight the Fed" - We All Have A Vested Interest In A Strong Stock Market
1) The March 2009 Low Was And Is A Generational Low - Just Like The Oct/Dec 1974 Bottom - We Will Work Our Way Irregularly Higher
2) NYSE Breadth Is At All Time New Highs - The Majority Of Stocks Are Doing Very Well
3) With Close To 50 Years Experience I Have Never Seen So Many People, So Negative On The Stock Market, For So Long
4) The Market Has Doubled Since Its 3/09 Low And There Is Still Trillions Of Dollars On The Sidelines - This Is More Fuel For The Bull
5) The 10-Year Yield Broke Above 1.9% Recently - The Bottom In Yields Is In And The Air Is Slowly Coming Out Of The Bond Bubble
6) Rotation Is The Life-Line Of Every Bull Market - The Long Overlooked Financials Are Leading - This Is Very Bullish
7) Most Markets Around The World Are Doing Well Despite Local Problems. Negative News Has Been Largely Discounted
8) China Has Bottomed - It Will Help Power The Global Recovery; And Japan Is Boosting Its Stimulus
9) The European Bellwether - The DAX - Is About 2% Away From An All Time New High - That Has To Be A Fantastic Omen For Europe
10) Like The Late 1970s, The "Street" Is Contracting Because The Equity Market Is Out Of Favor With The Public - Don't Follow The Herd
11) And Lastly: "Don't Fight the Fed" - We All Have A Vested Interest In A Strong Stock Market
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