Word: acampora
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Dates: during 1990-1999
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...RALPH ACAMPORA Prudential's bear looks good now, as pressure mounts on Goldman's Abby ("Bull") Cohen...
...market's craziness last week brought that lesson home to me. While everyone knows the troubles that left the market vulnerable--Asia, Lewinsky, stock prices that are historically high relative to earnings--what set off last Tuesday's rockslide was one of those oft-quoted gurus, Ralph Acampora of Prudential Securities, who reversed his prediction of a day earlier and said on CNBC that we may be entering a bear market for blue chips. The Dow Jones 30 industrials shed 300 points in a flash. But the real pain came Wednesday, when the market dropped an additional...
Abby Cohen, the closely watched market guru at Goldman Sachs, has become mildly unnerved by the Dow's 10% rise in recent weeks--a gain she had expected would take all year. But she's raising her target anyway. Ralph Acampora, a veteran at Prudential Securities, two years ago predicted the move to 7000. Now that it's happened, his new target is 8250. And once we get there? On to 10,000, natch. Meanwhile, pundits who do make a bear stand don't last. Elaine Garzarelli, known for her 1987 warning, issued another late last summer but has already...