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...
becoming data develop economic enthusiasm feeding future growth investors late profit saw seeing tomorrow yesterday
What we're seeing here is investors becoming increasingly nervous, awaiting the economic data tomorrow (Thursday). Profit warnings and future growth (concerns) are overshadowing the enthusiasm that we saw develop late yesterday -- it's a feeding process.
call happened monday yesterday
I think what happened yesterday and Monday was a wake-up call for investors,
raised technical yesterday
Very well managed, ... I just yesterday raised it to a 'strong technical buy.'
certainly door greenspan left market open possible relieved testimony yesterday
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.
drop extension fairly sharp yesterday
We had a fairly sharp drop yesterday and this is an extension of that,
beginning believe correction decline demand disappear economy-and-economics lower major money phase saw seeing stocks sufficient taking tech though trading worst yesterday
I believe the worst of the decline in the 'old economy' stocks is over, ... and I think what we're seeing here is a consolidation phase, even though this consolidation phase is probably taking place at the lower end of the trading range. I don't believe that yesterday's decline in Nasdaq is the beginning of any major correction just yet. Now, that is not to say that we're not going to have a correction. Indeed, we are. But I just believe that there is sufficient money out there and sufficient demand for these tech stocks yet, and that is not going to disappear so quickly. What we saw yesterday was little profit-taking after a spectacular week.
happen matter past tried twice yesterday
The Dow tried twice yesterday to get past 10,000 and failed, but I think it's really just a matter of time. We could see that happen by the end of the year.
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 seeing trying typical
What we're seeing is typical of a market that is trying to make a bottom, but we're not necessarily there yet.
assess data earnings economic later market moving seeing waiting week
What we're seeing here is a market that's just waiting to assess economic data later in the week and, of course, moving into the earnings season.
aftermath creates economy higher market moves oil price shaking strength territory time worries
What's shaking the market is oil and the aftermath of the hurricane, ... Every time the price of oil moves into new, higher territory that creates worries about the strength of the economy going forward.
accelerate curse few news president unless
Unless some real news comes out that could accelerate impeachment talks, it's probably already been discounted, ... Big deal, we're going to see the president get angry, say a few curse words.
comments effect likely limited unless
Unless he should say something really out of the ordinary, which is unlikely, I think his comments will likely have a limited effect on stocks,
apply both economics economy global mechanism rules stock uncharted
We're in uncharted times here, both for the economy and for the stock market. Some of the old rules just don't apply to global economics and to the global mechanism of how things are working.