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...
What I do see is some need for a consolidation period,
asian crisis effects full quarter second until
We won't know the full effects of the Asian crisis until at least the second quarter of the new year.
beginning believe correction decline demand disappear economy-and-economics lower major money phase saw seeing stocks sufficient taking tech though trading worst yesterday
I believe the worst of the decline in the 'old economy' stocks is over, ... and I think what we're seeing here is a consolidation phase, even though this consolidation phase is probably taking place at the lower end of the trading range. I don't believe that yesterday's decline in Nasdaq is the beginning of any major correction just yet. Now, that is not to say that we're not going to have a correction. Indeed, we are. But I just believe that there is sufficient money out there and sufficient demand for these tech stocks yet, and that is not going to disappear so quickly. What we saw yesterday was little profit-taking after a spectacular week.
continue dormant forgotten good group move stay stocks
These stocks are the forgotten group -- they continue to stay dormant and move lower, but they actually become a good buy,
due earnings interest lower point rates selling slower view
The selling in financials is an anticipation of lower earnings due to a slower economy, ... From the point of view of interest rates not going up, it's positive.
certainly inventory market move oil somewhat
Certainly the move in oil is good, and the market certainly perked up somewhat after that inventory report.
general market moves oil quite remains sentiment
General market sentiment remains quite positive, ... Of course, oil could be a spoiler if it moves higher.
begin consumer economy means pull simply soon spending supported
An undecided consumer simply means that he may soon begin to pull in his spending habits. Two-thirds of the economy is being supported by the consumer.
continue earnings economy happens investors monitor picks
Investors will continue to monitor what happens in the economy because once the economy picks up, earnings will improve.
among came carry division estimates good hovering investors lows market near next nice percent picking research stocks trading wireless
Investors should be out there, picking up some stocks that are trading near their lows or have bounced off their lows and I think that have good futures. And among them: AT&T ( T : Research , Estimates ) -- their wireless division came in on target, 25, 30 percent growth, and I think that's what is going to carry them. Stock is hovering around their lows here. I think it's a 'great buy.' And I think in the next market rally, that the stock will have a nice bounce.
approach battered blue chips five focusing past six
In the past five to six weeks, blue chips got battered somewhat. As we approach the end of the quarter, now that they've come down in price, institutions are focusing on them again.
telephone
I like American Telephone at 45 and 50,
above continue corporate earnings inflation interest quarter rates stay turn
Inflation will stay low. Interest rates will turn lower. Corporate earnings will continue to grow. And I think we can see the Dow by the first quarter of 1999 above 10,000.
ahead confident earnings economic fed good higher include last market might news work
If there are any indications that this could be the last cut, the market might be disappointed -- but the good news would be that the Fed is confident we are in an economic rebound. In essence, the market could work its way higher because better economic times ahead would include better earnings performance.