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...
convinced cyclical fed lack market needs raise rates serious stocks summer
In technology, it's just a lack of serious buying. The market needs to be convinced that the Fed will not raise (interest) rates for the remainder of the year. This is all part of the summer doldrums, but we see cyclical stocks doing a little better here.
badly beaten core happen investors looking news starting stocks
I just think they're very cheap. There's no core news for this to happen -- I just think a lot of these stocks have been badly beaten down and investors are starting to get around to looking at them.
woods
Clearly, we're not out of the woods yet.
drop entering excuse few next percent period recent reflection today
Cisco is the excuse today (Thursday) for the pullback, but we're also entering a period of reflection after the recent rally. I think we could see a 3 to 4 percent drop over the next few sessions, before we get back on track.
continue given gold market move negative oil prices time turn
But if oil prices and gold prices continue to move higher, at any given time the market could turn on the negative side.
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I like stocks that have potential earnings possibilities. Those are the ones that could someday be market leaders.
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Any time Philip Morris ( MO ) comes into some pressure, I like to accumulate it. I think we're looking at a stock that has a lot of value here. I think for investors that want a safe bet, Philip Morris is a great buy.
lived rally short wrong
Any rally is going to be short lived because someone can say the wrong thing (about earnings).
likely stocks volatile wednesday
Stocks are likely to be volatile Wednesday and through the end of the week.
backup bullish due earnings economic linked obviously oil prices problems sentiment
The backup in oil prices due to intensifying geopolitical problems is obviously weighing and will overshadow any bullish sentiment that's linked to earnings or economic data.
clear gain hopes improved recovery sentiment starting
It's clear (from the rally) that sentiment has improved on hopes that this second-half recovery is starting to gain momentum.
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As a result of that, every now and then the market needs to remind investors that Wall Street is not a one way street, and things don't last forever and things don't go up forever. It is quite obvious that the Nasdaq was due for a correction.
breadth market
The breadth of the market is very negative.
beginning breadth decline extremely feeding market people programs second seeing sell
The breadth of the market is extremely negative. The decline is accelerating. It's feeding on itself. What we're seeing here is a combination of some sell programs and people beginning to have second thoughts.