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Peter Cardillo Quotes
«The key is the fact that oil prices have skyrocketed,»
Author: Peter Cardillo
«We have here a cautious market, and it will continue to be cautious until we get through some major data and Greenspan's testimony on Capitol Hill, ... Also, investors were taking profits from last week's rally.»
Author: Peter Cardillo
«The market ran into trouble later in the session, ... I suspect [that] the fact that the dollar hit new lows superceded lower oil prices.»
Author: Peter Cardillo
«One of the three things worrying the markets for weeks -- namely, interest rates -- has diminished, today, ... But the geopolitical incidents and higher oil prices -- which are connected -- have sent a chill through global markets, creating this buyer's strike, and we're following suit.»
Author: Peter Cardillo
«We are seeing a continuation of this rotation process, with people selling some of the big tech and other gainers of the year, and putting money in sectors that still have room to gain, namely, industrials, metals, anything commodity-related,»
Author: Peter Cardillo
«Earnings news has been discounted and investors are looking for a reason to take money off the table, ... Today, they found that reason in Microsoft's sales projections.»
Author: Peter Cardillo
«Accelerating GDP growth certainly bodes well for future economic activity, ... And though the report showed the impact of defense spending, it also showed that corporations are starting to spend more, too.»
Author: Peter Cardillo
«Snow's comments about the dollar are giving investors a good excuse to take some money off the table after the recent run up, ... But basically, this is just a lot of profit-taking.»
Author: Peter Cardillo
«We didn't see any major change out of France or Germany, ... While the reaction to Mr. Powell's speech at the United Nations obviously was positive, I think when people realized that Germany was not changing its stance and France wasn't softening too much, it was back to worries of uncertainty.»
Author: Peter Cardillo
«The advance is on the heels of good economic numbers this morning. Chicago PMI in particular took people by surprise. You also had some good earnings news from Disney and Honeywell, ... That turned the dollar around, which in turn pushed some of the geopolitical issues on the back burner. For a Friday, this is pretty good.»
Author: Peter Cardillo