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...
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We'll probably see some sort of a pullback.
broader continue corporate economic focus great lower market mixed news perform reports showing stocks taking weapons
We have the weapons inspectors returning, mixed corporate reports and no new economic news to focus on, so stocks are taking a little pause, ... The broader market is mixed to lower but is showing no great declines, while the techs continue to perform a little better.
corporate earnings economy economy-and-economics interest rate stays
From an interest rate standpoint, it's negative. On the other end, if the economy stays strong, corporate earnings will stay strong.
assured casualties energy market move needs prices report weaker
From a 'wall of worries' standpoint, the market needs to be assured that there are no other casualties out there that are going to report weaker earnings, and from an energy standpoint, prices have got to move lower.
fact lower lows market range risk technical tested testing trading volume
From a technical standpoint, the fact that the market is testing the lower end of the trading range with low volume suggests the risk of the yearly lows being tested increases.
august economic grinding low pointing typical volume
Futures are pointing up a little bit. I think we will see a typical August Friday: Low volume and no economic data. I think we will see some winding and grinding for most of the day.
absence bottom close continues itself market result stages work
I don't think we're close to a bottom yet. There's just an absence of buyers, and as a result the market continues to work itself lower. But having said that, when it stages a turnaround, it will be quick, vivacious and violent.
although bias expect neutral stay
I expect they will stay the line, although the possibility of going from a neutral to a tightening bias has increased.
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.
basically below fact good higher lift living market oil opening overseas prices trading yield
Basically we had some good overseas trading. I think that is basically propelling us to a higher opening here. I just think the market is living with the fact that oil prices are trading around these levels, and it's getting a lift from the 10-year yield being below 4.60 percent.
basically earnings good technology
Basically we had a lot of good earnings in technology but we also have some warnings going forward.
apple basically computer earnings happens latest market reports responding waiting
Basically the market is responding to the latest earnings reports and waiting to see what happens with Apple Computer after the bell.
aggressive fearful fed interest market raising
Basically, the market is fearful now that the Fed may need to be more aggressive in raising interest rates.
basically continuing defensive market
Basically the market is continuing its defensive posture.