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...
beginning early light market stages
I think we are in the early stages of a market that is beginning to see some light at the end of the tunnel.
cue itself market meeting prepare today totally
I think today the market is totally going to prepare itself for the FOMC meeting and take its cue from the numbers,
amount begin both build cash economy headed highs last markets money pick remain resistance soft technology test tremendous volume
I think volume is going to pick up to begin with and that the markets probably, by end of this week, are going to begin to get out of that resistance level, both the Nasdaq and Dow. And I think we're probably going to test the old highs by the end of year. Leadership, I think, will come from technology and telecommunications stocks. The economy is headed for a soft landing. All the fundamentals remain in place. And, last but not the least, there's been a tremendous amount of build up in cash reserves. That money is going to be put to use.
continue digest economic higher investors move november range recently trade weeks
I think that the first two weeks of November will be wishy-washy, as we continue to trade in this range we've been in recently that started with the earnings, but as investors digest the month's economic news, which should be positive, we'll be able to move higher again,
aggressive continues economy economy-and-economics fed grow interest investors job market numbers obvious offering perhaps raising relief
It is obvious that the economy continues to grow and that the job market is growing. Today's numbers are offering investors a sense of relief that perhaps the Fed may not have to be too aggressive in raising interest rates.
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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.
wait
I think they're going to take a wait and see attitude.
above absence economic market move oil took wind
M&A propelled the market earlier, ... But an upward move in oil above $66 took the wind out of the market in the absence of economic news.
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We need some sort of correction. And I think it can come very quick and fast, and then the market will continue to do well simply because the economy continues to do well.
broader likely range remain time trade trading
I think we're likely to remain in a broader trading range for the time being.
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I think we're going to see the preliminary GDP show that this economy is flat or even negative. But that's old news. What the market needs to focus on is numbers that show us we are beginning to rebound.
closer few market move next oil prices unless
I think we're going to see a very choppy market for the next few weeks, as we get closer to the election, unless oil prices move sharply one way or the other.