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...
economic good higher including move news next process short
The news has been pretty good on the economic front, but there's a hesitancy to move higher in the short term. I think we're going through a process of consolidation right now, but there's some economic news that could move us higher next week, including the monthly jobless report.
downs finally looks process today ups worst
The ups and downs today were part of the process of consolidation. We're finally stabilizing today and it looks like the worst is over.
bear earnings economy eventually focus grip living lose market process reputation seeing september setting
I think what you're seeing is the process of the market setting a bottom. Obviously, September is living up to its reputation (for volatility), but I think the market will eventually lose its bear grip and focus on the economy and earnings going forward.
ceos light market process saying testing turn
The market is in the process of testing the March-April lows. The only thing that will turn the market around is if we get some CEOs saying there's light at the end of the tunnel.
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).
add buyers continue earnings energy euro fall feeds market sea selling trapped wall worry
Energy prices, earnings and the fall of the euro all continue to add to that wall of worry and the market is trapped here in a sea of uncertainty, ... There are no buyers and the selling just feeds on itself.
crisis east energy fearful further inflation level market means middle obviously prices reason strong
Energy prices are the reason for this. The crisis in the Middle East is obviously going to keep the price of energy at a strong level and that means this market is going to now be fearful of inflation exploding. We could be in for a further bumpy ride.
feeling negative news
There's a feeling out there that a lot of the negative news has already been discounted in the market.
comments companies earnings future good might negative report revenue skepticism
There's skepticism about earnings -- companies may report good earnings but they might have some negative comments to make about future revenue growth.
based catch economic good higher lack market move news next solid struggling trading volume
Right now, there's just a lack of solid trading volume out there, so we're struggling to move higher based on the good news we have. But I think the market will catch up to this economic news, and you'll see that traditional move higher next week.