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...
continue earnings economy happens investors monitor picks
Investors will continue to monitor what happens in the economy because once the economy picks up, earnings will improve.
consumer job looks losing spending though worried
It looks as though the consumer isn't too worried about losing his job or spending his money.
market
I would have thought it would have been a lot worse. For now, the market is doing just fine, considering everything.
employment fear fed half people percentage raise rates realize shows wage
People realize we have an employment number, and if it shows accelerating wage pressure, that would rekindle the fear that the Fed may have to raise (interest rates by half a percentage point),
april mid until
I think from here up until about the mid part of April we're probably going to see 10,500 or 10,400 on the Dow,
earnings good guidance heading market reports
Some of the good earnings reports and good guidance are reversing market psychology. In general, we're probably heading for a good earnings season.
begin change earnings focus inflation quarter roll second stage summer
The focus on inflation will change when second quarter earnings begin to roll in, ... set the stage for a summer rally.
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.
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.
advance chicago disney dollar earnings economic good heels issues news numbers particular people pushed took turned
The advance is on the heels of good economic numbers this morning. Chicago PMI in particular took people by surprise. You also had some good earnings news from Disney and Honeywell, ... That turned the dollar around, which in turn pushed some of the geopolitical issues on the back burner. For a Friday, this is pretty good.
wait
I think they're going to take a wait and see attitude.
bank bankers central choke concern contain economic european federal global indication inflation reserve strong
Now you have the Bank of Japan, the European Central Bank and the Federal Reserve all with the same interest-rate policy, and that's very positive. It's a strong indication that global central bankers will contain inflation and not necessarily choke off economic activity, which has been a big concern here.
devastated future keeping market rebuilding seems
The market seems to be concentrating on the future rebuilding of the devastated area, and I think that's what's keeping the market from declining.
although bias expect neutral stay
I expect they will stay the line, although the possibility of going from a neutral to a tightening bias has increased.