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...
anxiety bit cycle fed higher hopefully indication propel stocks type watch
It's Fed watch day, so we're experiencing a bit of anxiety before the announcement. Of course, any indication that the Fed will end its tightening cycle could propel the stocks higher this afternoon. Hopefully we'll see an indication of some type of pause.
direction excess halt perhaps step traded volatility
It's a step in the right direction to perhaps halt some of the excess volatility in electronically traded stocks.
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.
bit coming divergent led meaningful money rally sidelines tech
It's a little bit of a divergent market. There's some money on the sidelines coming into the tech stocks, and any meaningful rally from here will probably be led by the tech group.
money people starting stocks
For many months, the 'old economy' stocks were out of favor, but now people are starting to take some money off the (technology stock) table.
bond looking market shoulder stay tail tight trading
It's the tail end of the month, so the market is probably going to stay in a tight trading range, looking over the shoulder of the bond pit.
days economic interest investors looking mean news rather says strong
It's one of those days where investors are looking at the strong economic news for what it says about the economy, rather than what it could mean for interest rates.
although becoming earnings focus good less
Although we had good earnings from Caterpillar, earnings are becoming less of a focus.
volatility
A lot of this volatility has to be attributed to the triple-witching.
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.