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...
definitely helps rally
This definitely helps the continuation of the rally. From here, I see the continuation of this rally through the end of the year.
assisting behind looking scenes terms tune whistle
They (G7 countries) may whistle a different tune in terms of assisting different markets, but behind the scenes they're looking at the situation.
next rally resume week window
The year-end rally should resume next week on window dressing.
against below causing inventory market oil options running surprising technical
We did get surprising oil inventory data, but it's still below that $60 range. The market is running against options expirations, which are causing technical difficulty.
carnage certainly continued earnings feels finding help itself market nervous preparing state wait weight
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.
basically bear beginning certainly drive emotions market means rather seeing simply stock strong tail
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.
home movements slight stocks technology
There are some slight movements in technology stocks with sporadic gains, but nothing to write home about,
bed certainly fact fell market oil
The fact that oil fell out of bed is certainly propelling the market today,
energy gasoline good hike included leaves mark news past question three weeks
The CPI was good news but still leaves that question mark about energy prices. The gasoline hike of the past three weeks was not included in it.
capitol cautious continue data investors last major profits taking testimony until
We have here a cautious market, and it will continue to be cautious until we get through some major data and Greenspan's testimony on Capitol Hill. Also, investors were taking profits from last week's rally.
accelerate continue east economy energy fed increasing inflation interest middle moving number oil possibilities price prices raise rates recession slow suggest target tension terms
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.
bit bright conditions expected few follow friday market mixed responds saw stocks tries
We have a very mixed situation. There are a few bright spots, but it's a bit disappointing that there hasn't been a follow through from what we saw Friday (with stocks rising). However, that is to be expected as the market responds to oversold conditions and tries to set a base.
continue continues economy market quick simply sort
We need some sort of correction. And I think it can come very quick and fast, and then the market will continue to do well simply because the economy continues to do well.
cap good news putting
That's what is putting a cap on the good news in the market.