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...
happen matter past tried twice yesterday
The Dow tried twice yesterday to get past 10,000 and failed, but I think it's really just a matter of time. We could see that happen by the end of the year.
helping
The Dow and the S&P are lower; the only thing helping the Nasdaq right now is that it's so oversold.
earnings good higher impact interest limited market months period rates stocks
The earnings period has been pretty good so far, ... But its having a limited impact on stocks because the market is discounting higher interest rates in the months ahead.
batch core economic growth help inflation matched numbers
The first batch of economic numbers for the day matched expectations. Core inflation isn't yet a real problem. After yesterday's over-exaggerated decline, these numbers still show economic growth and may help give us a rebound.
businesses city slowing spending strike terms time york
The end of the strike in New York City is, obviously, a positive. It was slowing things down in terms of businesses and spending in a very important time of the year.
core rate rise stocks upset
A hefty rise at the core rate would upset stocks investors.
favor good hot mixture portfolio sector strong tech
A good portfolio should be a mixture of sectors -- I don't see any one sector being hot again, ... I would favor more tech and telecom because when they do come back, they'll come back very strong because they got clobbered the most.
betting chicago market national number picking supports
The Chicago number showed manufacturing has been picking up in the Midwest. That bodes well for the national number Monday, all of which supports the idea of a recovery, which is what the market has been betting on.
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.
bad itself market month nice rally setting sure trick worst
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.
damage earnings focus last reporting sector shift
The focus will shift from earnings to the presidential election. We're in this last part of earnings reporting and most of the damage has already been done. There's not one sector that has not been raided.
damage earnings focus last reporting sector shift
The focus will shift from earnings to the presidential election, ... We're in this last part of earnings reporting and most of the damage has already been done. There's not one sector that has not been raided.