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...
expect gained last looking lower market open slightly time
We're looking at a slightly lower open as we see some consolidation. At the same time I don't expect the market to give up much of what it has gained over the last two days.
market
I would have thought it would have been a lot worse. For now, the market is doing just fine, considering everything.
consistent flow followed growth leaving market money period rotation slow stock tells
Many (tech and telecom stocks) are undervalued. If we have a period of slow growth followed by an acceleration in the economy, I think we could see money flow back, and the one thing that's been very consistent in this market is the rotation factor, ... It tells everyone money is not leaving the stock market.
began cloud however investors panic retail slowly
Many retail investors were in panic mode, however many of them slowly began to come back to the marketplace as the cloud of uncertainty began to lift.
economy fear feeling pinch rates stocks
Old economy stocks are feeling the pinch in fear that rates are going much higher.
explosive gas higher moving prices rally
We had a very explosive rally yesterday, and gas prices are moving a little higher this morning.
chill connected creating following global higher incidents interest markets oil prices rates sent three weeks worrying
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.
contain damage days few hurricane increase less looking next obviously oil rally relief sent slightly
Obviously we're looking a relief rally here. The hurricane damage was less expected, and that has sent oil slightly lower. But in the next few days we'll see an increase in pre-earnings warnings that will in the short-term will contain the rally.
basis course expecting market
Of course the market is expecting 25 basis points.
expects fed interested people raise
No one expects the Fed to raise rates, but people are interested to see what they say about the economy, particularly about employment.
feeling negative news
There's a feeling out there that a lot of the negative news has already been discounted in the market.
comments companies earnings future good might negative report revenue skepticism
There's skepticism about earnings -- companies may report good earnings but they might have some negative comments to make about future revenue growth.
ahead based continues driving earnings economic market move question rally rotation seems
There's no question it's earnings-driven. The rally continues to move ahead but on a rotation basis. There are two things driving the market - earnings and economic data. Today's market seems more based on earnings than economic data.
expect fourth happens past quarter third
I still expect the third quarter to be respectable but that's a thing of the past. But what happens in the fourth quarter (is the question).