Peter Cardillo Rally Quotations

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

Obviously we're looking a relief rally here. The hurricane damage was less expected, and that has sent oil slightly lower. But in the next few days we'll see an increase in pre-earnings warnings that will in the short-term will contain the rally.

The rally was pretty much across the board.

I think by some time next week, the market will begin to rally again. I believe money managers will be aggressively window dressing.

The recent rally is being supported today by the strong economic numbers, which indicate that the economy is growing at a faster clip,

People feel there are bargains out there. I think the market can continue to rally a little more.

There's no question it's earnings-driven. The rally continues to move ahead but on a rotation basis. There are two things driving the market - earnings and economic data. Today's market seems more based on earnings than economic data.

This definitely helps the continuation of the rally. From here, I see the continuation of this rally through the end of the year.

Any rally is going to be short lived because someone can say the wrong thing (about 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.

It's a little bit of a divergent market. There's some money on the sidelines coming into the tech stocks, and any meaningful rally from here will probably be led by the tech group.

The year-end rally should resume next week on window dressing.

It's a technical rally from a very oversold condition.

It's a Santa rally. It's the year-end rally I've been predicting.

It's a very strong rally and it's right across the board, with tech stocks leading the way, ... Clearly, the fall in oil prices sparked this, but it's also a short-term shift in sentiment.

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.