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...
earnings economic market midst next suspect technical trade week within
We're in the midst of a technical correction, and I suspect for the next week or so we'll trade within this range. The market has already discounted a lot of the economic and earnings news.
bad gone moments time
What you need to do is brace yourself. We've gone through bad moments before. This is not the first time and it won't be the last.
basically believe book classical company leader low points selling stock trading trying value
Here is a classical story of a stock that is trading under book value. AT&T, the same thing. I believe it is up 4 or 5 points from its low and basically trying to stabilize at these levels, when it is all said and done, it still probably will be the leader of the pack. Again, a company selling under book value,
along continue economic line negative oil prices rise somewhere
We can't continue to have oil prices rise without impacting prices and economic activity. Somewhere along the line it will have a negative impact.
advance chicago disney dollar earnings economic good heels issues news numbers particular people pushed took turned
The advance is on the heels of good economic numbers this morning. Chicago PMI in particular took people by surprise. You also had some good earnings news from Disney and Honeywell, ... That turned the dollar around, which in turn pushed some of the geopolitical issues on the back burner. For a Friday, this is pretty good.
action bottom buying days few good indicate people slight sort
The action is good so far, but we need to see another few days of this -- with slight pullbacks and people then buying on those pullbacks -- for this to really indicate that some sort of bottom has been set,
cap good news putting
That's what is putting a cap on the good news in the market.
buy cap continue higher market move smaller theory
I do not buy this theory that, you know, the market is going to continue to move higher without the participation of the smaller cap stocks. It's just not in the cards.
fact key oil prices
The key is the fact that oil prices have skyrocketed,
fed inflation january key obviously pause ready reverse talk
The key is obviously inflation. A lot of inflation talk could reverse the thought that the Fed is ready to pause after the January meeting.
base looking market moving seems
This is market that is churning, and moving back and forth. Nasdaq seems like it is looking for a base from which to rally.
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All in all, it's been a bad month for technology, but not so bad for other sectors. Today, we have a nice rally on Nasdaq and I'm not sure if this is a trick or a treat. I think it's not a trick because I think the worst is over and the market is setting itself up for a nice rally.
ahead bullish cautious continue data due economic europe growth looking mixed numbers pointing reading support trading
All in all, I think we're looking at a mixed reading in economic data but pointing to growth ahead. I think it'll continue to support a bullish atmosphere. Right now we're just looking at cautious trading ahead of the numbers and due to Europe being a little soft.
buy damage eight months six
The damage is done, ... So you want go buy for the rebound, which could be six to eight months away down the road.