Peter Cardillo Quotations

If we get a strong number (Friday) it could rekindle fears of another Fed tightening and that will keep investors on the defensive.

I would have thought it would have been a lot worse. For now, the market is doing just fine, considering everything.

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

Old economy stocks are feeling the pinch in fear that rates are going much higher.

Of course the market is expecting 25 basis points.

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.

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.

No one expects the Fed to raise rates, but people are interested to see what they say about the economy, particularly about employment.

Now you have the Bank of Japan, the European Central Bank and the Federal Reserve all with the same interest-rate policy, and that's very positive. It's a strong indication that global central bankers will contain inflation and not necessarily choke off economic activity, which has been a big concern here.

Obviously, Alcoa really disappointed the market today, ... But we've also had a big run-up since the start of the year, and considering that, I think stocks are holding up pretty well.

Obviously, Alcoa really disappointed the market today. But we've also had a big run-up since the start of the year, and considering that, I think stocks are holding up pretty well.

Obviously the cell business is extremely hot in Europe and it's going to continue and it's going to grow in other parts of the world and I think a good supplier of that comes from Motorola ( MOT : Research , Estimates ) and again, the stock has absorbed a lot of negative news lately and it does seem to have made a bottom and it keeps bouncing off its lows. So that tells me that, you know, going forward things will change. We might encounter another quarter of bad news out of them but I think at these levels it should be bought.

Obviously the Dow is being helped by the strength in Philip Morris, along with Microsoft and Intel. It's an 'old economy'-'new economy' rally. But volume is not all that great, so obviously the market will continue to guess what the Fed will or will not do.

Obviously, the market was disappointed in Apple and AMD; and you also have to realize that Mr. Greenspan has been reiterating his stance on inflation and the need to stay ahead of the inflation curve,

Now that the market has made a tremendous upward move and the large cap stocks are at their highs, more people are looking at smaller companies for some better values.

Obviously it negates the theory about Dow 1,000. What (the new milestone) tells us is people have a lot of confidence. Money is still flowing into the United States despite some question marks about inflation. Nothing has changed.

Obviously they (investors) are going to focus on the Fed but a rate cut is priced in. The focus will be on the economy and signs that the first batch of interest rates are finally taking hold.

Obviously, this is going to raise the level of speculation and fear. And the news may impact oil prices, sending them higher, which would cap equities.

Obviously, we are not going to see some substantial gains, but I think we will be able to retrace some of these losses by the end of the week.

If things go well with a military strike, the market gives it a seal of approval and moves upward.

We're looking at a slightly lower open as we see some consolidation. At the same time I don't expect the market to give up much of what it has gained over the last two days.

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.

Mr. Greenspan didn't say anything new but his comments were one of the reasons we saw this early spurt take the market up and wane in the afternoon. But when it's all said and done, what the market is really grasping for here is some really good earnings in technology stocks.

Mr. Greenspan may have just given us some time here. I think within the next 10 to 12 days this market is probably going to consolidate and stay with a 300-400 point range. ... When we get another interest rate cut, then the market can sail above that 9,000 level.

Mr. Greenspan's comments support equity gains, ... And investors may have turned around their view of Intel.

Many retail investors were in panic mode, however many of them slowly began to come back to the marketplace as the cloud of uncertainty began to lift.

Many (tech and telecom stocks) are undervalued. If we have a period of slow growth followed by an acceleration in the economy, I think we could see money flow back, and the one thing that's been very consistent in this market is the rotation factor, ... It tells everyone money is not leaving the stock market.

Short-covering has brought stocks back a little, but you've got very little volume and the rhetoric of the potential attack against Iraq and the September 11th anniversary hanging over markets.

I wouldn't be a bit surprised to see this market sell off. We could see a 5 percent correction.

There are so many positive factors that led to today's rally. Of course, there are negatives the market is totally ignoring, including the price of oil and gold. Ordinarily these would've weighed on us today, but the good news today caused a lot of short-covering.

Futures are pointing up a little bit. I think we will see a typical August Friday: Low volume and no economic data. I think we will see some winding and grinding for most of the day.

From a technical standpoint, the fact that the market is testing the lower end of the trading range with low volume suggests the risk of the yearly lows being tested increases.

From a 'wall of worries' standpoint, the market needs to be assured that there are no other casualties out there that are going to report weaker earnings, and from an energy standpoint, prices have got to move lower.

From an interest rate standpoint, it's negative. On the other end, if the economy stays strong, corporate earnings will stay strong.

If we see any upward revision (in unit labor costs) that would give the Fed reason not to pause.

I expect they will stay the line, although the possibility of going from a neutral to a tightening bias has increased.

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 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.

Basically it's a buyers' strike and it's a market of individual stocks rather than the market as a whole.

Basically it's individual stocks outperforming the rest of the market, ... The feeling that the Fed is not going to raise is infiltrating the whole marketplace and what we're now looking at is future earnings, but we're still in that rotation mode.

Basically it's individual stocks outperforming the rest of the market. The feeling that the Fed is not going to raise is infiltrating the whole marketplace and what we're now looking at is future earnings, but we're still in that rotation mode.

Basically, what they're working on here is a smallpox drug. As you know, the vaccine does have a lot of side effects. And this small, tiny basically New York-based company, with its labs out in Oregon, is working on this drug, ... And they just recently announced a contract from the Army -- $1.6 million. It's obviously speculative and somewhere along the line the company is going to have to raise money.

Basically the market is continuing its defensive posture.

Basically, the market is fearful now that the Fed may need to be more aggressive in raising interest rates.

Basically the market is responding to the latest earnings reports and waiting to see what happens with Apple Computer after the bell.

Basically we had a lot of good earnings in technology but we also have some warnings going forward.

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.

Here is a classical story of a stock that is trading under book value. AT&T, the same thing. I believe it is up 4 or 5 points from its low and basically trying to stabilize at these levels, when it is all said and done, it still probably will be the leader of the pack. Again, a company selling under book value,

What you need to do is brace yourself. We've gone through bad moments before. This is not the first time and it won't be the last.

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.

If the dollar continues to fall, and we end up in a free fall, at one point the Fed will have to be more aggressive, ... They may have to respond by raising interest rates by half a point.

If the Asian crisis deepens, that simply means that corporate profits are going to suffer.

If the Fed doesn't at least hint that a pause could be on the way, I think that would surprise the market.

If the CPI core rate shows not much of a rise then the market will be able to just focus on good earnings. It will show that the Fed is staying ahead of the inflation curve, which is a positive for the market.

If oil continues to stay at these levels for a sustained period, it will bite into economic activity and renew inflationary pressure. That could put into question if and when the Fed will end its tightening cycle.

If oil goes higher, it could mean we may be headed for a correction.

If oil prices continue to rise and there's an escalation of the situation in the Middle East, the question would come up, are we headed for some type of OPEC embargo and where would that send prices. It seems like all of the negative news that possibly could be surrounding the oil market is at hand.

There aren't any (economic) numbers to say, 'Hey, the economy is slowing,' or 'Hey the economy is strengthening,'

The rally was pretty much across the board.

He might fine tune his testimony (of last week) and that could help the markets.

Long-term investors should stay the course, ... No one should be diving into this market with the notion that they'll make fast money because that's not the case.

Long-term, the stock is a buy, ... It's a solid company and it had some troubles and I think a lot of that has already been discounted. So I continue to like Dell and buy in on pullbacks.

Long-term, the stock is a buy. It's a solid company and it had some troubles and I think a lot of that has already been discounted. So I continue to like Dell and buy in on pullbacks.

Markets are basically in a holding pattern. We had some good economic numbers, but it's Friday ahead of a long Christmas weekend so people aren't going to make much a commitment.

Some of the economic data we have been seeing are quite strong, but -- if you really look into it -- there are signs the rate hikes we've seen have begun to slow the economy.

Some of the good earnings reports and good guidance are reversing market psychology. In general, we're probably heading for a good earnings season.

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

I think what you're seeing is the process of the market setting a bottom. Obviously, September is living up to its reputation (for volatility), but I think the market will eventually lose its bear grip and focus on the economy and earnings going forward.

I think what happened yesterday and Monday was a wake-up call for investors,

I think what we are experiencing here is a classic stampede of bulls in a long-term bull market,

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

I think there are some signs out there that the economy is beginning to slow. That's going to keep the Fed on the sidelines at least through May and it's also eventually working its way into the markets.

M&A propelled the market earlier, ... But an upward move in oil above $66 took the wind out of the market in the absence of economic news.

I think they're going to take a wait and see attitude.

I think long-terms are probably headed under 5-1/2 percent, ... When will that come? As soon as we get the release of the PPI and the consumers price index.

I think long-terms are probably headed under 5-1/2 percent. When will that come? As soon as we get the release of the PPI and the consumers price index.

I suspect over the next session or two, we could see more selling, as investors await all the economic news due next week,

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.

I think we're going to see a very choppy market for the next few weeks, as we get closer to the election, unless oil prices move sharply one way or the other.

I think we're going to see the preliminary GDP show that this economy is flat or even negative. But that's old news. What the market needs to focus on is numbers that show us we are beginning to rebound.

I think we're likely to remain in a broader trading range for the time being.

I think from here up until about the mid part of April we're probably going to see 10,500 or 10,400 on the Dow,

It doesn't surprise me. We all know the House is going to vote to impeach the President. The fact is that economic times here in the United States are still quite good.

I think Mr. (Federal Reserve Chairman Alan) Greenspan is partially responsible for the latest decline in the market, because in his last testimony, he said something that was quite important, and I think he gave a wake-up call to the market. He said that they were - they had not made a decision yet about the August interest rates.

I think that if GE or Citigroup say something upbeat, that could help change the mood,

It is obvious that the economy continues to grow and that the job market is growing. Today's numbers are offering investors a sense of relief that perhaps the Fed may not have to be too aggressive in raising 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 volume is going to pick up to begin with and that the markets probably, by end of this week, are going to begin to get out of that resistance level, both the Nasdaq and Dow. And I think we're probably going to test the old highs by the end of year. Leadership, I think, will come from technology and telecommunications stocks. The economy is headed for a soft landing. All the fundamentals remain in place. And, last but not the least, there's been a tremendous amount of build up in cash reserves. That money is going to be put to use.

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

I think we are in the early stages of a market that is beginning to see some light at the end of the tunnel.

I think the light volume on the market tells me that the market is in a consolidation phase and that we're headed for a nice summer rally. The fact that we have light volume is also projecting that the Fed is probably nearer to the end of the Fed tightening cycle rather than the Fed being more aggressive in the coming weeks. I think the technology stocks are going to come back strongly. And I think financial stocks are going to do well.

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 here is in a very nervous state. You have geopolitical problems surrounding the Iranian situation heating up, and you have concerns about productivity, and that's keeping investors very cautious.

I think the market is holding up pretty well after the recent rally, ... The economic news was mixed today, and investors are eyeing Ivan and the price of oil.

I think the market is now looking at earnings, ... I think we'll probably see earnings come in pretty good, but I think the market is also anticipating that corporate America will voice concerns about high energy costs.

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,

I think the market's going to probably start the year on an up trend,

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 the market will continue to trade in a tight range in no-man's land. It's not like we're collapsing but it's just going nowhere.

I think it's not a question of real sellers right now, than of people sitting on the sidelines,