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 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 bear beginning certainly drive emotions market means rather seeing simply stock strong tail
What we're going through here is simply a correction, certainly not the beginning of a bear market. Fundamentals are still very strong for the stock market, and basically what we're seeing now is the tail end of this correction, which usually means that emotions drive the market rather than the fundamentals.
beginning breadth decline extremely feeding market people programs second seeing sell
The breadth of the market is extremely negative. The decline is accelerating. It's feeding on itself. What we're seeing here is a combination of some sell programs and people beginning to have second thoughts.
beginning economy eventually fed sidelines signs
I think there are some signs out there that the economy is beginning to slow. That's going to keep the Fed on the sidelines at least through May and it's also eventually working its way into the markets.
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.
beginning economy economy-and-economics flat focus market needs numbers
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.
beginning change jobs numbers
If Friday's numbers show that we are beginning to see some change in the number of jobs being created, that could bode well for the market.
asia beginning economic good key market short
The market is up because of the good economic numbers, but more importantly, the market is beginning to see some stabilization in Asia and that is the key in the short term.
beginning doubt fed focus market price rekindled rising
The market is beginning to focus on the rising price of oil. That, in my opinion, has rekindled doubt about what the Fed is going to do.
consumer data inflation key opening remain stock weaker
We are bracing for a weaker opening with a slew of data being released, ... Consumer confidence, inflation and of course, oil, will remain key indicators for the stock market.
along average begin believe bought companies concern either exactly future good happening houses however levels line major mergers might perhaps saw somewhere stocks
We saw that in the brokerage houses with the consolidation and that's exactly what's happening in the telecommunications sector. And I believe however that there are those companies out there either through perhaps future mergers that will make it and two of them that I like for the long-term is AT&T and WorldCom, ... I think somewhere along the line they might be bought out by some major international concern but it think if you have those stocks it was good at these levels probably to begin to average out.
continue dormant forgotten good group move stay stocks
These stocks are the forgotten group -- they continue to stay dormant and move lower, but they actually become a good buy,
due earnings interest lower point rates selling slower view
The selling in financials is an anticipation of lower earnings due to a slower economy, ... From the point of view of interest rates not going up, it's positive.
expect fourth happens past quarter third
I still expect the third quarter to be respectable but that's a thing of the past. But what happens in the fourth quarter (is the question).