Big Call By a Little Guy: Sharp Correction in ‘06

Just two months after getting bounced from Prudential and landing at Knight Capital Group, veteran technical analyst Ralph Acampora is making headline-grabbing predictions about the stock market’s performance next year. Acampora thinks stocks will rise another five percent in the first half of the year before going into a free-fall that will erase 20 to 25 percent of market value and create “classic four-year low.” Meanwhile, he expects the yield on 10-year treasurys to surpass 5 percent, squelching the real estate boom in the process.
Pro Sees Dow Dive in ‘06 [NY Post]

Comments:

<< Back to main