3 Reasons Ralph Acampora Is Worried About 2014

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Ralph Acampora is not looking forward to next year. While Altaira's director of technical analysis is bullish into the end of 2013, he fears that a year-end rally could set stocks up for a painful 2014.


"2014 is a year that we should have some sort of a decline," Acampora said on CNBC.


Acampora, often known as the godfather of technical analysis, then went on to enumerate the three reasons that next year makes him so nervous.


Reason one: The market will be overextended.


Reason two: Fundamentals will come back to the fore.


Reason three: Tapering could come sooner than everyone thinks


 

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