Seeking Alpha

"Sell in May and go into cyclicals," says Ralph Acampora after the last month. He reminds of an...

"Sell in May and go into cyclicals," says Ralph Acampora after the last month. He reminds of an old adage saying sectors going down the least during a selloff become the new market leaders. During SPY's 5.2% decline from May 22-June 6, the best performers were Tech (XLK) and Industrials (XLI). The worst were Telecommunications (IYZ) and Utilities (XLU). This "rolling rotation" between sectors is necessary, he says, to give further life to the secular bull market begun in March 2009.
Comments (3)
  • Wow.

     

    Someone just got dusted off from a decade sleep.

     

    It's Ralph "I can make you poorer".

     

    Another Wall Street "expert" people must absolutely ignore!!
    19 Jun 2013, 10:58 AM Reply Like
  • Isn't that the truth. He and Laslo were way gone since the 2001 collapse - I believe he was in the 36000 dow camp about then. I will celebrate when Cramer takes his ten years sleep - although his new strategy is pretty good , recommend each and every S&Pcomponent individually over a month's time and you will be the best broken clock, until the whole market tanks.As Acampora is dangerous as a wheel-out permabull Cramer is even more dangerous to the average investor because he won't go to sleep. He was actually suggesting Google or Msft might buy Netflix last week. C'est impossible.
    19 Jun 2013, 12:47 PM Reply Like
  • $VPU ,....Long.
    19 Jun 2013, 11:31 AM Reply Like
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