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...
rally santa
It's a Santa rally. It's the year-end rally I've been predicting.
confidence earnings good investors relief renewed
It's a relief for investors to see good earnings reports. It renewed confidence in the markets.
rally technical
It's a technical rally from a very oversold condition.
busy economic news terms week
It's going to be a very busy week in terms of economic news,
bit coaster investors key market move roller sort
It's been a roller coaster ride, sort of a precautionary move on the part of investors before we get these key earnings. I'm not a bit worried. This market is going to move higher.
concerns market pulling today volume vulnerable weakness
It's been all over the place today because the volume is low. And in that kind of environment, the market is more vulnerable to pulling back on geopolitical concerns and the weakness of the dollar.
ahead fed four hike hoping market obvious past point quite rallying rate rates reality sets trading
It's quite obvious that the market has been rallying for the past four days, hoping for a 50-basis point rate hike by the Fed -- and they (the Fed) did (raise rates that much). This indicates they are ahead of the curve, but now reality sets in and we're in a trading range.
highs passing quite sentiment support technical year
It's quite encouraging. The sentiment is better and you've got the indexes passing the highs of the year and holding, so you've got some technical support as well.
cap due flow funds inclined investors large market money pension toward types
A lot of today's market is due to the flow of money going into pension funds and money managers. These are the types of investors who are more inclined toward the large cap stocks.
assisting behind looking scenes terms tune whistle
They (G7 countries) may whistle a different tune in terms of assisting different markets, but behind the scenes they're looking at the situation.
next rally resume week window
The year-end rally should resume next week on window dressing.
ahead heavy light people volume waiting
There was some light profit-taking ahead of the (Easter and Passover) holidays. Volume is not that heavy and people are just waiting on the sidelines.
add analyze era good major market might stock
It might add to some short-term weakness, but it's not going to have any major effect. When you really analyze it, we had a good stock market in an era of gridlock.
market markets pat stay tough vigilant
It's a pick-and-choose market here. My thought is that (the Fed) is going to stay pat and they're going to use some tough language. We're going to see a vigilant Fed, and that should keep the markets on the defensive.