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...
start year
I think the market's going to probably start the year on an up trend,
concerns investors iranian keeping market nervous problems situation
I think the market here is in a very nervous state. You have geopolitical problems surrounding the Iranian situation heating up, and you have concerns about productivity, and that's keeping investors very cautious.
ceos light market process saying testing turn
The market is in the process of testing the March-April lows. The only thing that will turn the market around is if we get some CEOs saying there's light at the end of the tunnel.
bulls classic
I think what we are experiencing here is a classic stampede of bulls in a long-term bull market,
fed focus looks main minutes overseas sideways start strength strong suspect trading until
I suspect the main focus of the day will be the Fed minutes. It looks like we'll get a strong start on the strength in overseas markets, but we'll probably be trading sideways until the minutes are released.
begin correction low
I don't think the correction is over. I think we can get as low as 8,250 before we see stabilization on the market, and then I think we will begin to climb.
goes headed mean oil
If oil goes higher, it could mean we may be headed for a correction.
ahead fed four hike hoping market obvious past point quite rallying rate rates reality sets trading
It's quite obvious that the market has been rallying for the past four days, hoping for a 50-basis point rate hike by the Fed -- and they (the Fed) did (raise rates that much). This indicates they are ahead of the curve, but now reality sets in and we're in a trading range.
continue given gold market move negative oil prices time turn
But if oil prices and gold prices continue to move higher, at any given time the market could turn on the negative side.
basis course expecting market
Of course the market is expecting 25 basis points.
confidence consumer negative news strike
The news about consumer confidence is negative for retailers, ... a preemptive strike to keep us out of recession.
along basically boat earnings heading markets sailing today warning
The Juniper (Networks) earnings warning (on Friday) along with some downgrades today (Monday) are basically navigating the markets lower. It's like sailing on a boat that's heading nowhere.
afraid coming deadly earnings market
The market is deadly afraid about what earnings are going to look like in the coming quarters,
losses retrace
Obviously, we are not going to see some substantial gains, but I think we will be able to retrace some of these losses by the end of the week.