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...
activity driving economic factor focus market sign stronger suspect
When you have M&A (merger and acquisition) activity continuing, it's a sign of stronger economic activity ahead. The market probably will focus on the economic data; I suspect the driving factor of the day could be the ISM index.
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I suspect the main focus of the day will be the Fed minutes. It looks like we'll get a strong start on the strength in overseas markets, but we'll probably be trading sideways until the minutes are released.
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I suspect over the next session or two, we could see more selling, as investors await all the economic news due next week,
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We're in the midst of a technical correction, and I suspect for the next week or so we'll trade within this range. The market has already discounted a lot of the economic and earnings news.
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Inflation will stay low. Interest rates will turn lower. Corporate earnings will continue to grow. And I think we can see the Dow by the first quarter of 1999 above 10,000.
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I like stocks that have potential earnings possibilities. Those are the ones that could someday be market leaders.
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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.
likely stocks volatile wednesday
Stocks are likely to be volatile Wednesday and through the end of the week.
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The backup in oil prices due to intensifying geopolitical problems is obviously weighing and will overshadow any bullish sentiment that's linked to earnings or economic data.
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The retail sales are a real blow-out number. They show that economic activity is healthy but they will also ignite fears that the Fed will continue raising interest rates as it takes these numbers as a sign that the economy is still growing strongly.
retail sales
The retail sales are a real blow-out number.
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Once everyone sifted through all the comments, the realization was that he hasn't changed his thoughts about the economy. He doesn't think the economy is ready to fall off a cliff, and that's basically a strong fundamental for the stock market.
correction looking
After that I'm looking for a correction of about 12 to 15 percent.
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Again, I think we're going to see a lot of revenue growth coming within the next quarter or so, and I believe that it's basically an infrastructure B2B for the Internet, where you can research engines, where you can create your own agents and what not, and management is doing a great job. I'm looking for this stock to really do quite nicely over the next six-to-18 months.