Peter Cardillo Higher Quotations

We had a very explosive rally yesterday, and gas prices are moving a little higher this morning.

One of the three things worrying the markets for weeks -- namely, interest rates -- has diminished, today, ... But the geopolitical incidents and higher oil prices -- which are connected -- have sent a chill through global markets, creating this buyer's strike, and we're following suit.

Basically we had some good overseas trading. I think that is basically propelling us to a higher opening here. I just think the market is living with the fact that oil prices are trading around these levels, and it's getting a lift from the 10-year yield being below 4.60 percent.

Last week, we encountered an ugly week for stocks as the market discounted higher interest rates,

I think that the first two weeks of November will be wishy-washy, as we continue to trade in this range we've been in recently that started with the earnings, but as investors digest the month's economic news, which should be positive, we'll be able to move higher again,

I think the market will continue to move higher next week as we sort through the economic numbers. Perhaps the advance won't be as vivacious as it has been, but the upward trend is in place.

I think we'll see a higher market in 1998, ... The economy is very sound. We've had inflation low, going lower, and we'll see disinflation rather than deflation.

We have some technology stocks moving higher and the large amounts of cash sitting on the sidelines will be coming back into the market. These are just relief rallies with investors trying to pick up bargains.

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.

The rebound is due to many of the sectors moving higher and a big portion of this rise is due to Hewlett-Packard (on the Dow). What the market is telling us is, this morning we panicked but this is probably just an isolated situation and a temporary situation for Intel.

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.

Oil is trading higher today due to the new hurricane fears. The big story of the week, which will be the market mover, is going to be the Fed.

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.

If there are any indications that this could be the last cut, the market might be disappointed -- but the good news would be that the Fed is confident we are in an economic rebound. In essence, the market could work its way higher because better economic times ahead would include better earnings performance.

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.

The earnings period has been pretty good so far, ... But its having a limited impact on stocks because the market is discounting higher interest rates in the months ahead.

It's Fed watch day, so we're experiencing a bit of anxiety before the announcement. Of course, any indication that the Fed will end its tightening cycle could propel the stocks higher this afternoon. Hopefully we'll see an indication of some type of pause.

I do not buy this theory that, you know, the market is going to continue to move higher without the participation of the smaller cap stocks. It's just not in the cards.

The market is playing follow the leader. Oil is higher now but not affecting things, but if the price shoots above $75 a barrel it will weigh on us. It's not about earnings anymore and something has to give, and at this rate it looks like it may be equities.

The market is still very concerned with interest rates, and the IBM announcement gave the market a perfect excuse to refocus on higher interest rates.

The market now is trying to stabilize after having discounted higher inflation and interest rates and what most likely will be murky fourth-quarter outlooks.

The lower oil prices go, the higher we may see the stock indexes moving this afternoon.