U.S. Stocks May Endure 12% ’Pullback,’ Acampora Says
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U.S. stocks may fall as much as 12 percent before resuming the rally that’s boosted the Standard & Poor’s 500 Index 56 percent, Ralph Acampora said.
“I don’t think the advance that started on March 9 is over yet,” Acampora said in a Bloomberg Radio interview. “I would not be surprised to see a pullback” of 8 percent to 12 percent, followed by an advance of 20 percent to 25 percent, he said.