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...
money people starting stocks
For many months, the 'old economy' stocks were out of favor, but now people are starting to take some money off the (technology stock) table.
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.
across fall leading oil prices rally shift stocks strong tech
It's a very strong rally and it's right across the board, with tech stocks leading the way, ... Clearly, the fall in oil prices sparked this, but it's also a short-term shift in sentiment.
bounce relief technical welcome
It's a welcome technical bounce and a relief for the markets.
await caution cautious continue earnings economic key next number reporting start week
It's a cautious day at the end of an up quarter, ... I think we'll continue to see caution next week as we await the start of the third-quarter earnings reporting season, and look at some of the key economic numbers, particularly the unemployment number Friday.
bit melt
Its a bit of a Nasdaq melt down here,
concerns market pulling today volume vulnerable weakness
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.
correction looking
After that I'm looking for a correction of about 12 to 15 percent.
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Again, I think we're going to see a lot of revenue growth coming within the next quarter or so, and I believe that it's basically an infrastructure B2B for the Internet, where you can research engines, where you can create your own agents and what not, and management is doing a great job. I'm looking for this stock to really do quite nicely over the next six-to-18 months.
action looking market news pakistan people worried
The ISM news was positive, but the market is looking more to the non-economic factors, with people worried about Tyco and the action out of Pakistan and India,
fed markets responding serious
The Fed is going to have to do some serious thinking. We see the markets responding to that today.
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The Fed's choice to hold rates steady was no big surprise. People may have been using that as an excuse to sell at the top of a trading range. And we're probably going to be in a bit of a trading range until we get some new economic data that makes people want to move one way or the other.
basically decision fed reaction seeing window
The Fed decision was anticipated, so it's not having much of an effect. What we're seeing now is a reaction to the end of the quarter. It's basically window dressing.
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EBay came out with good numbers, but the outlook for the fourth quarter and next year wasn't so good, ... We're probably looking at a lower open, with a mixed trading session, as people respond to individual earnings and keep an eye on the price of oil.