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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Mr. Greenspan certainly left the door open about a possible hike. That whole testimony yesterday (Tuesday), while it relieved the market a bit, is being scrutinized today.
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This trade deficit news certainly points in the direction that the U.S. economy is slowing.
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UAL is certainly a negative for the market, but the news wasn't entirely unexpected. You're also seeing a combination of other negative corporate news and jitters ahead of tomorrow's November jobs number, despite the positive weekly numbers this morning.
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The fact that oil fell out of bed is certainly propelling the market today,
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What we're going through is a market finding itself in a very nervous state and is preparing itself for third-quarter earnings, ... As we wait for the earnings to come out, the market feels the weight of the continued carnage in 'new economy' stocks. Dell's announcement was certainly no help in reversing market psychology.
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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.
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Accelerating GDP growth certainly bodes well for future economic activity. And though the report showed the impact of defense spending, it also showed that corporations are starting to spend more, too.
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Accelerating GDP growth certainly bodes well for future economic activity, ... And though the report showed the impact of defense spending, it also showed that corporations are starting to spend more, too.
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Certainly the move in oil is good, and the market certainly perked up somewhat after that inventory report.
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The economic news this morning was mixed. The leading indicators fell for the third straight month, which is certainly not a positive, but the decline was minimal.
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The market will continue to be supported by the good earnings we've had and by the options expiration we're seeing but certainly we're nearing some day of reckoning.
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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.
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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.
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These stocks are the forgotten group -- they continue to stay dormant and move lower, but they actually become a good buy,