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...
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Unless some real news comes out that could accelerate impeachment talks, it's probably already been discounted, ... Big deal, we're going to see the president get angry, say a few curse words.
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There aren't any (economic) numbers to say, 'Hey, the economy is slowing,' or 'Hey the economy is strengthening,'
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We had a very explosive rally yesterday, and gas prices are moving a little higher this morning.
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What's shaking the market is oil and the aftermath of the hurricane, ... Every time the price of oil moves into new, higher territory that creates worries about the strength of the economy going forward.
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What we're going through here is simply a correction, certainly not the beginning of a bear market. Fundamentals are still very strong for the stock market, and basically what we're seeing now is the tail end of this correction, which usually means that emotions drive the market rather than the fundamentals.
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What we're going through is a market finding itself in a very nervous state and is preparing itself for third-quarter earnings, ... As we wait for the earnings to come out, the market feels the weight of the continued carnage in 'new economy' stocks. Dell's announcement was certainly no help in reversing market psychology.
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What we're seeing here is a market that's just waiting to assess economic data later in the week and, of course, moving into the earnings season.
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What we're seeing here is investors becoming increasingly nervous, awaiting the economic data tomorrow (Thursday). Profit warnings and future growth (concerns) are overshadowing the enthusiasm that we saw develop late yesterday -- it's a feeding process.
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What we're seeing is typical of a market that is trying to make a bottom, but we're not necessarily there yet.
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There are some slight movements in technology stocks with sporadic gains, but nothing to write home about,
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There are so many positive factors that led to today's rally. Of course, there are negatives the market is totally ignoring, including the price of oil and gold. Ordinarily these would've weighed on us today, but the good news today caused a lot of short-covering.
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With the price of oil moving up and the tension in the Middle East would suggest that the possibilities of a recession are increasing in terms of inflation, ... The Fed's number one target is to keep inflation under control. If energy prices continue to accelerate then the Fed doesn't need to raise interest rates because the economy is going to slow anyway.
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We're looking at a flat open. Same-store sales came in a little weaker than expected and the jobless claims shows the labor market is quite tight.
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What Intel says tomorrow will set the tone for techs in the next few sessions,