Peter Cardillo
Peter Cardillo
1972 Harlem mosque incident describes the April 14, 1972 shooting of a New York City Police Departmentofficer at the Nation of Islam Mosque No. 7 in Harlem, Manhattan, New York City. The officer responded to a fake 9-1-1 call, was shot and died six days later. The incident sparked political and public outcry about mishandling of the incident by the NYPD and the administration of Mayor John V. Lindsay...
market
The market is very much gripped by earnings' warnings.
holding market since start stocks
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.
approaches chasing key money stocks trouble
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.
ease opening supply
Every day a refinery is opening up and that will ease some of the supply problems.
aggressive fearful fed interest market raising
Basically, the market is fearful now that the Fed may need to be more aggressive in raising interest rates.
bond looking market shoulder stay tail tight trading
It's the tail end of the month, so the market is probably going to stay in a tight trading range, looking over the shoulder of the bond pit.
blue buying chips generally quarter seeing
At the end of the quarter you generally see some switching, so now we're seeing some institutions buying blue chips again.
concerned excuse gave higher ibm interest market perfect
The market is still very concerned with interest rates, and the IBM announcement gave the market a perfect excuse to refocus on higher interest rates.
bounce lately market pressure reasons seeing
The market has been under pressure lately and that's one of the reasons we're seeing a little bounce back.
approval gives market military moves seal
If things go well with a military strike, the market gives it a seal of approval and moves upward.
fact lower lows market range risk technical tested testing trading volume
From a technical standpoint, the fact that the market is testing the lower end of the trading range with low volume suggests the risk of the yearly lows being tested increases.
certainly inventory market move oil somewhat
Certainly the move in oil is good, and the market certainly perked up somewhat after that inventory report.
continues drift economic good issues leads main market metals news obviously oil sea today trading translate worries
The economic news today wasn't good -- obviously it leads to worries of inflation. But that should have been expected, with oil and metals trading higher. It has to translate into inflation. The market continues to drift in a sea of uncertainty -- the geopolitical issues are still the main concern.
bounce relief technical welcome
It's a welcome technical bounce and a relief for the markets.