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...
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.
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.
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.
breadth market
The breadth of the market is very negative.
holding indicate jury last pause week whether
The jury has been out over the last week or so over whether they will indicate that they are going to pause and I think that's what's been holding back the markets.
telephone
I like American Telephone at 45 and 50,
economic holding investors ivan market mixed news price recent
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.
await due economic investors news next session suspect
I suspect over the next session or two, we could see more selling, as investors await all the economic news due next week,
clarity iraq low sitting until venture volume
The low volume confirms that everyone is sitting on their hands. They don't want to venture until there is clarity on the Iraq situation.
change help
I think that if GE or Citigroup say something upbeat, that could help change the mood,
america concerns corporate earnings energy high looking market voice
I think the market is now looking at earnings, ... I think we'll probably see earnings come in pretty good, but I think the market is also anticipating that corporate America will voice concerns about high energy costs.
earnings market potential someday stocks
I like stocks that have potential earnings possibilities. Those are the ones that could someday be market leaders.
backup bullish due earnings economic linked obviously oil prices problems sentiment
The backup in oil prices due to intensifying geopolitical problems is obviously weighing and will overshadow any bullish sentiment that's linked to earnings or economic data.