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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I think the market is holding up pretty well after the recent rally, ... The economic news was mixed today, and investors are eyeing Ivan and the price of oil.
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I suspect over the next session or two, we could see more selling, as investors await all the economic news due next week,
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Long-term investors should stay the course, ... No one should be diving into this market with the notion that they'll make fast money because that's not the case.
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The market has so far been ignoring the good economic news, but it's just a matter of time before investors shake off the fear factor.
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The two reports don't constitute a change of direction for the economy, but they are negative enough to make investors feel more cautious about the recovery.
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Investors will continue to monitor what happens in the economy because once the economy picks up, earnings will improve.
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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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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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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.
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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.
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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.
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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.
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It's a relief for investors to see good earnings reports. It renewed confidence in the markets.
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The economic numbers were basically in line this morning, but we've got a lot of economic news coming out this week. Earnings are pretty much over with, and they were pretty mixed, so investors are now looking to see that the economy won't stall in the second quarter before they're going to be willing to buy.