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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People realize we have an employment number, and if it shows accelerating wage pressure, that would rekindle the fear that the Fed may have to raise (interest rates by half a percentage point),
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People feel there are bargains out there. I think the market can continue to rally a little more.
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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.
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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,
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No one expects the Fed to raise rates, but people are interested to see what they say about the economy, particularly about employment.
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Now that the market has made a tremendous upward move and the large cap stocks are at their highs, more people are looking at smaller companies for some better values.
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Obviously it negates the theory about Dow 1,000. What (the new milestone) tells us is people have a lot of confidence. Money is still flowing into the United States despite some question marks about inflation. Nothing has changed.
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For many months, the 'old economy' stocks were out of favor, but now people are starting to take some money off the (technology stock) table.
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That's positive for the market, because consumers feel the economy is going well. After yesterday's (Monday's) declines, people are coming back into the market and earnings are good.
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EBay came out with good numbers, but the outlook for the fourth quarter and next year wasn't so good, ... We're probably looking at a lower open, with a mixed trading session, as people respond to individual earnings and keep an eye on the price of oil.
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There are some good stories out there, and I think people are looking at them. You have the tech stocks doing better than the other, with chips up because of TI. There are also a few specific issues that continue to hold the Dow back again, as was the case yesterday.
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There are some good stories out there, and I think people are looking at them, ... You have the tech stocks doing better than the other, with chips up because of TI. There are also a few specific issues that continue to hold the Dow back again, as was the case yesterday.
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We didn't see any major change out of France or Germany. While the reaction to Mr. Powell's speech at the United Nations obviously was positive, I think when people realized that Germany was not changing its stance and France wasn't softening too much, it was back to worries of uncertainty.
change changing france germany major nations obviously people reaction realized speech stance united worries
We didn't see any major change out of France or Germany, ... While the reaction to Mr. Powell's speech at the United Nations obviously was positive, I think when people realized that Germany was not changing its stance and France wasn't softening too much, it was back to worries of uncertainty.