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Peter Cardillo Quotes
«The money is still chasing stocks and that will continue. But I think the Nasdaq is having trouble as it approaches that key 2,100 level.»
Author: Peter Cardillo
«The fact that the Nasdaq breached 2000, an important psychological level, but managed to close above it several times now over the last week is a positive. But I think we're going to continue to see this consolidation for at least another week or so until more of the March economic reports start coming in.»
Author: Peter Cardillo
«The mood remains positive, but I think after the run you've seen, there is the risk as we move deeper into the earnings reporting period over the next week or so, that you have a little selling on the news.»
Author: Peter Cardillo
«The Dow tried twice yesterday to get past 10,000 and failed, but I think it's really just a matter of time. We could see that happen by the end of the year.»
Author: Peter Cardillo
«It's been all over the place today because the volume is low. And in that kind of environment, the market is more vulnerable to pulling back on geopolitical concerns and the weakness of the dollar.»
Author: Peter Cardillo
«The market has been saying all along that the recovery is strengthening. The retail and ISM [Institute for Supply Management] news today confirms that. Now with the Thanksgiving holiday out of the way and recent fears of terrorism on the back burner again, people have come back from the weekend ready to buy again. This is probably the start of the year-end rally.»
Author: Peter Cardillo
«We are looking at a mixed open. But if the factory orders or the ISM come in within expectations or better, that should help continue the upward movement in the market.»
Author: Peter Cardillo
«I suspect over the next session or two, we could see more selling, as investors await all the economic news due next week,»
Author: Peter Cardillo
«The news has been pretty good on the economic front, but there's a hesitancy to move higher in the short term. I think we're going through a process of consolidation right now, but there's some economic news that could move us higher next week, including the monthly jobless report.»
Author: Peter Cardillo
«Today's rally set a different tone to the market because it's not suggesting another false start. That's because there [was] an improvement in the quality of buying. Money is moving into stocks from bonds. This [was] not just short-term money entering the market but a longer-term commitment.»
Author: Peter Cardillo