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...
broader continue corporate economic focus great lower market mixed news perform reports showing stocks taking weapons
We have the weapons inspectors returning, mixed corporate reports and no new economic news to focus on, so stocks are taking a little pause, ... The broader market is mixed to lower but is showing no great declines, while the techs continue to perform a little better.
data earnings economic expect force full later lower remain trading until
Until we get the full force of earnings and economic data later in the week, I kind of expect us to remain at the lower end of the trading range,
fact lower lows market range risk technical tested testing trading volume
From a technical standpoint, the fact that the market is testing the lower end of the trading range with low volume suggests the risk of the yearly lows being tested increases.
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.
consumer dissect good last lower news quarter revision side spending
The good news is that on the consumer side of things, spending actually declined, and the real good news is the deflator was lower than the last quarter and there was a revision from the first quarter. So when you really dissect it all, it wasn't all that bad.
expect gained last looking lower market open slightly time
We're looking at a slightly lower open as we see some consolidation. At the same time I don't expect the market to give up much of what it has gained over the last two days.
due earnings interest lower point rates selling slower view
The selling in financials is an anticipation of lower earnings due to a slower economy, ... From the point of view of interest rates not going up, it's positive.
higher lower moving oil prices stock
The lower oil prices go, the higher we may see the stock indexes moving this afternoon.
came earnings ebay eye fourth good individual looking lower mixed next outlook people price quarter respond trading year
EBay came out with good numbers, but the outlook for the fourth quarter and next year wasn't so good, ... We're probably looking at a lower open, with a mixed trading session, as people respond to individual earnings and keep an eye on the price of oil.
backs bit depends inch low market might mixed oil price toward upside week
I think we'll see a mixed week -- probably a little bit toward the upside -- but a lot depends on the price of oil. If oil stabilizes around here we could inch a bit higher. If it backs down to the low $60s and stabilizes, then the market might rally.
economy higher inflation market rather
I think we'll see a higher market in 1998, ... The economy is very sound. We've had inflation low, going lower, and we'll see disinflation rather than deflation.
bulls classic
I think what we are experiencing here is a classic stampede of bulls in a long-term bull market,
call happened monday yesterday
I think what happened yesterday and Monday was a wake-up call for investors,
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.