Quotations
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Peter Cardillo Quotes
«The market is obviously going to eye energy prices. Oil's come down a bit, but gas prices are moving a bit higher.»
Author: Peter Cardillo
«That could be encouraging for telecom investors.»
Author: Peter Cardillo
«The Fed's choice to hold rates steady was no big surprise. People may have been using that as an excuse to sell at the top of a trading range. And we're probably going to be in a bit of a trading range until we get some new economic data that makes people want to move one way or the other.»
Author: Peter Cardillo
«The market is ignoring some of the negative economic reports and is instead focusing on the positives, like GE, which is a big change in terms of the focus and the psychology.»
Author: Peter Cardillo
«Last week, we encountered an ugly week for stocks as the market discounted higher interest rates.»
Author: Peter Cardillo
«The market now is trying to stabilize after having discounted higher inflation and interest rates and what most likely will be murky fourth-quarter outlooks.»
Author: Peter Cardillo
«I think this market now is basically trying to stabilize. The market will probably begin to focus on economic activity rebounding in the first quarter.»
Author: Peter Cardillo
«I think that the first two weeks of November will be wishy-washy, as we continue to trade in this range we've been in recently that started with the earnings, but as investors digest the month's economic news, which should be positive, we'll be able to move higher again.»
Author: Peter Cardillo
«There are some good stories out there, and I think people are looking at them. You have the tech stocks doing better than the other, with chips up because of TI. There are also a few specific issues that continue to hold the Dow back again, as was the case yesterday.»
Author: Peter Cardillo
«The events of the weekend changed market psychology and people are using that as an opportunity to take profits after the huge rally. Markets had rallied on the certainty of war and on the belief that it would be quick and with few casualties. But we're seeing that's not the case. The breaking down of the Iraqi army that was talked about in the first few days was clearly overstated.»
Author: Peter Cardillo