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Peter Cardillo Quotes
«The good earnings news is really taking hold. Some of the warnings from last week are less of a factor in the marketplace now.»
«The ups and downs today were part of the process of consolidation. We're finally stabilizing today and it looks like the worst is over.»
«[But really,] it's all about the Fed next week, ... The market will be treading water ahead of that.»
«The market is near a stage when even good news become bad news, ... But I think its probably nearing an end to this decline.»
«Stocks are likely to be volatile Wednesday and through the end of the week.»
«It is obvious that the economy continues to grow and that the job market is growing. Today's numbers are offering investors a sense of relief that perhaps the Fed may not have to be too aggressive in raising interest rates.»
«Unless he should say something really out of the ordinary, which is unlikely, I think his comments will likely have a limited effect on stocks,»
«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.»
«We're seeing a cautious market because of the Fed meeting. There are a lot of events the markets need to sort through, and the most important one is Mr. Greenspan.»
«It's a busy week in terms if earnings with three sectors of the technology sector reporting. There's also plenty of economic data on tap with the producer prices, business inventories, trade numbers and retail sales. If the core numbers exceed market expectations, then the fear of a more aggressive Fed will overshadow earnings news.»