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...
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.
came continue core fed good inflation market news raise rate react remains showing
Core rate came in better than market expected, showing that inflation remains tame, ... Good news and the market should react positively, but the Fed will continue to raise rates. A good report.
concerns data earnings economic economy fears indicate looking market remain slip
Concerns remain that the economic data indicate the economy could slip back into a recession. Looking at technology, the fears are back in the market that third-quarter earnings may not live up to expectations.
data earnings economic expect force full later lower remain trading until
Until we get the full force of earnings and economic data later in the week, I kind of expect us to remain at the lower end of the trading range,
edge expect few good higher light likely market news next range remain rest toward trading volatile volume
Volume is likely to remain light the rest of this week, and I would expect the market to remain volatile Thursday, ... But there's good news out there, and over the next few weeks, I think we'll remain in this trading range but edge up toward the higher end of it.
deeper earnings mood move next period remains reporting risk run selling week
The mood remains positive, but I think after the run you've seen, there is the risk as we move deeper into the earnings reporting period over the next week or so, that you have a little selling on the news.
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.
broader likely range remain time trade trading
I think we're likely to remain in a broader trading range for the time being.
general market moves oil quite remains sentiment
General market sentiment remains quite positive, ... Of course, oil could be a spoiler if it moves higher.
apart causing earnings fall issues remain strong
All of these issues are causing pressure, but they aren't causing us to fall apart because the fundamentals remain strong and the earnings have been good.
again drift finds footing market next rally remains trying week whether yesterday
The market is trying to rally again and that's encouraging. But whether yesterday (Wednesday) was really the big capitulation day remains to be seen. The market is probably going to drift in the next week or so as it finds its footing after the run-up.
market remains
The market remains technically weak, ... The story hasn't changed.
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,