Peter Cardillo Itself Quotations

I don't think we're close to a bottom yet. There's just an absence of buyers, and as a result the market continues to work itself lower. But having said that, when it stages a turnaround, it will be quick, vivacious and violent.

I think today the market is totally going to prepare itself for the FOMC meeting and take its cue from the numbers,

I think the market has gone ahead of itself and I am looking for this market to pull back somewhere between five and six percent within the next six to seven weeks.

I think the market is responding pretty well to the reports and also positioning itself ahead of the economic news due later in the week,

What we're going through is a market finding itself in a very nervous state and is preparing itself for third-quarter earnings, ... As we wait for the earnings to come out, the market feels the weight of the continued carnage in 'new economy' stocks. Dell's announcement was certainly no help in reversing market psychology.

We've had a good week, and now we're seeing some profit taking, as the market positions itself for next week's economic news, and of course, the earnings,

All in all, it's been a bad month for technology, but not so bad for other sectors. Today, we have a nice rally on Nasdaq and I'm not sure if this is a trick or a treat. I think it's not a trick because I think the worst is over and the market is setting itself up for a nice rally.