Knight Capital Group Announces Annual Forecast for 2006 from Knight Research
19 December 2005 - 11:07PM
PR Newswire (US)
JERSEY CITY, N.J., Dec. 19 /PRNewswire-FirstCall/ -- Knight Capital
Group, Inc. (NASDAQ:NITE) today announced the release of the Annual
Forecast for 2006, the first report from Knight Research, a new
client offering tying technical analysis with trading. Knight
Research is led by Ralph J. Acampora, an Institutional
Investor-ranked technical analyst who joined Knight in October from
Prudential Equity Group. "History suggests that the equity market
is currently in a transitional phase," Mr. Acampora said. "We
believe two phenomena will impact 2006: the 'Four-Year Cycle,'
characterized by a noticeable decline that usually ends with a
historic low; and the recurring 'Presidential Cycle,' which
manifests itself in a return of prices to realistic levels after a
run-up during a presidential term's first-year 'honeymoon period.'
"A potential early New Year advance in the market of approximately
5% is part of this transition that, in our opinion, will set the
stage for a market decline of as much as 20% to 25% ending sometime
during the second half of '06," he continued. "This major market
bottom -- a classic four-year low -- would provide investors with a
significant buying opportunity. As the presidential elections grow
near, a new bull market will emerge with the strength to carry well
into 2007 and potentially into 2008." Other highlights from the
Knight Research Annual Forecast for 2006 include the following: *
Technology, Energy and Financials will be the S&P 500 sector
outperformers * Intermediate-term trends favor growth- over
value-style investment * Crude's potent uptrend continues and the
CRB index has the potential to run much further * Gold is in a
long-term secular bull trend with an upside target in the $580-600
per ounce range * 10-year Treasury note yield is expected to hit 5%
* The U.S. Dollar Index appears headed higher from its current
bottoming pattern * Foreign markets should mirror the volatility of
the U.S. market The Knight Research Annual Forecast for 2006 is
available at no cost by visiting
http://www.knight.com/equitymarkets/research.asp. For additional
information about Knight Research, please contact Andee Hidalgo,
Research Sales, at 201-356-1751 or . Knight Research is part of
Knight Equity Markets, L.P. About Knight Knight is a leading
provider of comprehensive trade execution and asset management
services. Our Equity Markets business offers institutions and
broker-dealers high quality trade execution and capital commitment
across the depth and breadth of the equity market. Our Asset
Management business, Deephaven Capital Management, is a
multi-strategy investment manager focused on delivering
risk-adjusted returns with low volatility for institutions and high
net worth individuals. Knight strives to be a valued partner by
providing superior service and continually enhancing its offering
to meet client needs. More information about Knight can be obtained
at http://www.knight.com/. Certain statements contained herein
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on current expectations,
estimates and projections about the Company's industry,
management's beliefs and certain assumptions made by management.
Readers are cautioned that any such forward-looking statements are
not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict.
Since such statements involve risks and uncertainties, the actual
results and performance of the Company may turn out to be
materially different from the results expressed or implied by such
forward-looking statements. Given these uncertainties, readers are
cautioned not to place undue reliance on such forward-looking
statements. Unless otherwise required by law, the Company also
disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions
to the forward-looking statements made herein; however, readers
should carefully review reports or documents the Company files from
time to time with the Securities and Exchange Commission including,
without limitation, the risks and uncertainties detailed under the
headings "Certain Factors Affecting Results of Operations" and
"Risks Affecting our Business" in the Company's Annual Report on
Form 10-K. DATASOURCE: Knight Capital Group, Inc. CONTACT: Margaret
Wyrwas, Senior Managing Director, Corporate Communications &
Investor Relations, +1-201-557-6954, , or Kara Fitzsimmons, Vice
President, Corporate Communications, +1-201-356-1523, , or Greta
Morley, Vice President, Marketing Communications & Public
Relations, +1-201-557-6948, , or Molly McDowell, Analyst, Corporate
Communications & Investor Relations, +1-201-356-1723, , all of
Knight Capital Group, Inc. Web site: http://www.knight.com/
http://www.knight.com/equitymarkets/research.asp
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