Quotations
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Peter Cardillo Quotes
«The market this morning moved up on the good economic numbers. It was a confirmation of what the market has been saying.»
Author: Peter Cardillo
«The two reports don't constitute a change of direction for the economy, but they are negative enough to make investors feel more cautious about the recovery.»
Author: Peter Cardillo
«I don't think we're close to a bottom yet. There's just an absence of buyers, and as a result the market continues to work itself lower. But having said that, when it stages a turnaround, it will be quick, vivacious and violent.»
Author: Peter Cardillo
«The market at the moment is oversold, paranoid and the psychology is sick.»
Author: Peter Cardillo
«It's clear (from the rally) that sentiment has improved on hopes that this second-half recovery is starting to gain momentum.»
Author: Peter Cardillo
«Futures are pointing up a little bit. I think we will see a typical August Friday: Low volume and no economic data. I think we will see some winding and grinding for most of the day.»
Author: Peter Cardillo
«We're into the second day of the quarter, and the market is technically signaling a short-term rebound as we prepare for tomorrow's unemployment report.»
Author: Peter Cardillo
«The Chicago number showed manufacturing has been picking up in the Midwest. That bodes well for the national number Monday, all of which supports the idea of a recovery, which is what the market has been betting on.»
Author: Peter Cardillo
«The markets for the next couple of days will focus on some economic data, until the chief weapons inspector returns.»
Author: Peter Cardillo
«We had negative unemployment data, but the market's not focusing on that. The market continues to focus on the news from Iraq. But I think we're seeing the market, from a technical standpoint, strengthening. Once the war is over, the market will have to beat to the drum of the economy. But, for now, it's dancing to the tune of war.»
Author: Peter Cardillo