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Peter Cardillo Quotes
«I think today the market is totally going to prepare itself for the FOMC meeting and take its cue from the numbers,»
Author: Peter Cardillo
«I think that the first two weeks of November will be wishy-washy, as we continue to trade in this range we've been in recently that started with the earnings, but as investors digest the month's economic news, which should be positive, we'll be able to move higher again,»
Author: Peter Cardillo
«UAL is certainly a negative for the market, but the news wasn't entirely unexpected, ... You're also seeing a combination of other negative corporate news and jitters ahead of tomorrow's November jobs number, despite the positive weekly numbers this morning.»
Author: Peter Cardillo
«The action is good so far, but we need to see another few days of this -- with slight pullbacks and people then buying on those pullbacks -- for this to really indicate that some sort of bottom has been set,»
Author: Peter Cardillo
«Obviously, Alcoa really disappointed the market today, ... But we've also had a big run-up since the start of the year, and considering that, I think stocks are holding up pretty well.»
Author: Peter Cardillo
«There are some good stories out there, and I think people are looking at them, ... You have the tech stocks doing better than the other, with chips up because of TI. There are also a few specific issues that continue to hold the Dow back again, as was the case yesterday.»
Author: Peter Cardillo
«The events of the weekend changed market psychology and people are using that as an opportunity to take profits after the huge rally, ... Markets had rallied on the certainty of war and on the belief that it would be quick and with few casualties. But we're seeing that's not the case. The breaking down of the Iraqi army that was talked about in the first few days was clearly overstated.»
Author: Peter Cardillo
«What Intel says tomorrow will set the tone for techs in the next few sessions,»
Author: Peter Cardillo
«Obviously, the market was disappointed in Apple and AMD; and you also have to realize that Mr. Greenspan has been reiterating his stance on inflation and the need to stay ahead of the inflation curve,»
Author: Peter Cardillo
«I think this market now is basically trying to stabilize, ... The market will probably begin to focus on economic activity rebounding in the first quarter.»
Author: Peter Cardillo