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...
basically believe book classical company leader low points selling stock trading trying value
Here is a classical story of a stock that is trading under book value. AT&T, the same thing. I believe it is up 4 or 5 points from its low and basically trying to stabilize at these levels, when it is all said and done, it still probably will be the leader of the pack. Again, a company selling under book value,
convinced cyclical fed lack market needs raise rates serious stocks summer
In technology, it's just a lack of serious buying. The market needs to be convinced that the Fed will not raise (interest) rates for the remainder of the year. This is all part of the summer doldrums, but we see cyclical stocks doing a little better here.
bear earnings economy eventually focus grip living lose market process reputation seeing september setting
I think what you're seeing is the process of the market setting a bottom. Obviously, September is living up to its reputation (for volatility), but I think the market will eventually lose its bear grip and focus on the economy and earnings going forward.
expects fed interested people raise
No one expects the Fed to raise rates, but people are interested to see what they say about the economy, particularly about employment.
earnings economy-and-economics factor good last less news taking week
The good earnings news is really taking hold. Some of the warnings from last week are less of a factor in the marketplace now.
consumers headed price release soon
I think long-terms are probably headed under 5-1/2 percent. When will that come? As soon as we get the release of the PPI and the consumers price index.
cue itself market meeting prepare today totally
I think today the market is totally going to prepare itself for the FOMC meeting and take its cue from the numbers,
consumers headed price release soon
I think long-terms are probably headed under 5-1/2 percent, ... When will that come? As soon as we get the release of the PPI and the consumers price index.
confidence crises crisis market
All of these crises are getting serious, and what the (U.S.) market is experiencing is a crisis of confidence.
beginning believe correction decline demand disappear economy-and-economics lower major money phase saw seeing stocks sufficient taking tech though trading worst yesterday
I believe the worst of the decline in the 'old economy' stocks is over, ... and I think what we're seeing here is a consolidation phase, even though this consolidation phase is probably taking place at the lower end of the trading range. I don't believe that yesterday's decline in Nasdaq is the beginning of any major correction just yet. Now, that is not to say that we're not going to have a correction. Indeed, we are. But I just believe that there is sufficient money out there and sufficient demand for these tech stocks yet, and that is not going to disappear so quickly. What we saw yesterday was little profit-taking after a spectacular week.
chill connected creating following global higher incidents interest markets oil prices rates sent three weeks worrying
One of the three things worrying the markets for weeks -- namely, interest rates -- has diminished, today, ... But the geopolitical incidents and higher oil prices -- which are connected -- have sent a chill through global markets, creating this buyer's strike, and we're following suit.
continues market means move
The market continues to roar. Psychologically, it means a lot. It means the market will continue to move higher.
deeper earnings mood move next period remains reporting risk run selling week
The mood remains positive, but I think after the run you've seen, there is the risk as we move deeper into the earnings reporting period over the next week or so, that you have a little selling on the news.
market
This market just won't give up some old habits.