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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The breadth of the market is extremely negative. The decline is accelerating. It's feeding on itself. What we're seeing here is a combination of some sell programs and people beginning to have second thoughts.
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If Friday's numbers show that we are beginning to see some change in the number of jobs being created, that could bode well for the market.
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Markets are basically in a holding pattern. We had some good economic numbers, but it's Friday ahead of a long Christmas weekend so people aren't going to make much a commitment.
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After Mr. Bush's commitment last night, we could probably see some related issues in play that will offset any fallout from the negative sentiment we've had lately,
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If the CPI core rate shows not much of a rise then the market will be able to just focus on good earnings. It will show that the Fed is staying ahead of the inflation curve, which is a positive for the market.
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I think there are some signs out there that the economy is beginning to slow. That's going to keep the Fed on the sidelines at least through May and it's also eventually working its way into the markets.
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The action is good so far, but we need to see another few days of this -- with slight pullbacks and people then buying on those pullbacks -- for this to really indicate that some sort of bottom has been set,
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It's one of those days where investors are looking at the strong economic news for what it says about the economy, rather than what it could mean for interest rates.
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The end of the strike in New York City is, obviously, a positive. It was slowing things down in terms of businesses and spending in a very important time of the year.
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I think this market now is basically trying to stabilize, ... The market will probably begin to focus on economic activity rebounding in the first quarter.
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Anytime you get an alliance it's good. I think we're going to see more and more strategic deals because it's survival time for a lot of these companies.
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If we get a strong number (Friday) it could rekindle fears of another Fed tightening and that will keep investors on the defensive.
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Obviously, Alcoa really disappointed the market today, ... But we've also had a big run-up since the start of the year, and considering that, I think stocks are holding up pretty well.
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Obviously, the market was disappointed in Apple and AMD; and you also have to realize that Mr. Greenspan has been reiterating his stance on inflation and the need to stay ahead of the inflation curve,