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...
breadth market
The breadth of the market is very negative.
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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 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.
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I like stocks that have potential earnings possibilities. Those are the ones that could someday be market leaders.
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The market at the moment is oversold, paranoid and the psychology is sick.
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The market should keep doing well in the short term. There's the seasonal factors, the economy should keep doing OK, and from a technical standpoint, things still look good. I think that's why the market has been able to ignore the negative implications of the collapse of the dollar so far.
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The earnings period has been pretty good so far, ... But its having a limited impact on stocks because the market is discounting higher interest rates in the months ahead.
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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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Oil is trading higher today due to the new hurricane fears. The big story of the week, which will be the market mover, is going to be the Fed.
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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.
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I think the market will continue to trade in a tight range in no-man's land. It's not like we're collapsing but it's just going nowhere.
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That's positive for the market, because consumers feel the economy is going well. After yesterday's (Monday's) declines, people are coming back into the market and earnings are good.
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The market is probably going to mark time as it awaits Friday's employment numbers.
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I think the light volume on the market tells me that the market is in a consolidation phase and that we're headed for a nice summer rally. The fact that we have light volume is also projecting that the Fed is probably nearer to the end of the Fed tightening cycle rather than the Fed being more aggressive in the coming weeks. I think the technology stocks are going to come back strongly. And I think financial stocks are going to do well.