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...
feeling negative news
There's a feeling out there that a lot of the negative news has already been discounted in the market.
begin consumer economy means pull simply soon spending supported
An undecided consumer simply means that he may soon begin to pull in his spending habits. Two-thirds of the economy is being supported by the consumer.
ahead based continues driving earnings economic market move question rally rotation seems
There's no question it's earnings-driven. The rally continues to move ahead but on a rotation basis. There are two things driving the market - earnings and economic data. Today's market seems more based on earnings than economic data.
earnings found investors looking money news reason sales
Earnings news has been discounted and investors are looking for a reason to take money off the table, ... Today, they found that reason in Microsoft's sales projections.
contain damage days few hurricane increase less looking next obviously oil rally relief sent slightly
Obviously we're looking a relief rally here. The hurricane damage was less expected, and that has sent oil slightly lower. But in the next few days we'll see an increase in pre-earnings warnings that will in the short-term will contain the rally.
chief couple days economic focus inspector markets next until weapons
The markets for the next couple of days will focus on some economic data, until the chief weapons inspector returns.
basically market trying
I think this market now is basically trying to stabilize,
ahead five gone itself looking market next percent pull seven six somewhere within
I think the market has gone ahead of itself and I am looking for this market to pull back somewhere between five and six percent within the next six to seven weeks.
backed bond next oil prices ride several week
Oil prices have backed over $22 here. And I kind of think that this is what is probably going to give a bumpy ride for the next several week to the bond market.
ahead buying corporate due economic news next seeing today
I think you're seeing buying today because of anticipation ahead of some of the economic and corporate news due in the next two days, particularly Dell tomorrow.
ahead confident earnings economic fed good higher include last market might news work
If there are any indications that this could be the last cut, the market might be disappointed -- but the good news would be that the Fed is confident we are in an economic rebound. In essence, the market could work its way higher because better economic times ahead would include better earnings performance.
helping
The Dow and the S&P are lower; the only thing helping the Nasdaq right now is that it's so oversold.
due forever investors last market needs obvious quite remind result street wall
As a result of that, every now and then the market needs to remind investors that Wall Street is not a one way street, and things don't last forever and things don't go up forever. It is quite obvious that the Nasdaq was due for a correction.
badly beaten core happen investors looking news starting stocks
I just think they're very cheap. There's no core news for this to happen -- I just think a lot of these stocks have been badly beaten down and investors are starting to get around to looking at them.