Peter Cardillo Quotations | Page 3

You would think on a day when the bond market is very weak and the dollar is collapsing that technology would be weak. But, the weaker dollar is being interpreted as positive for the sale of technology abroad.

As a result of that, every now and then the market needs to remind investors that Wall Street is not a one way street, and things don't last forever and things don't go up forever. It is quite obvious that the Nasdaq was due for a correction.

A lot of today's market is due to the flow of money going into pension funds and money managers. These are the types of investors who are more inclined toward the large cap stocks.

A lot of this volatility has to be attributed to the triple-witching.

Although we had good earnings from Caterpillar, earnings are becoming less of a focus.

Sales ex-autos was almost equal to the top-line number, so consumers really are out there spending.

People realize we have an employment number, and if it shows accelerating wage pressure, that would rekindle the fear that the Fed may have to raise (interest rates by half a percentage point),

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.

Energy prices are the reason for this. The crisis in the Middle East is obviously going to keep the price of energy at a strong level and that means this market is going to now be fearful of inflation exploding. We could be in for a further bumpy ride.

Energy prices, earnings and the fall of the euro all continue to add to that wall of worry and the market is trapped here in a sea of uncertainty, ... There are no buyers and the selling just feeds on itself.

There's skepticism about earnings -- companies may report good earnings but they might have some negative comments to make about future revenue growth.

There's a feeling out there that a lot of the negative news has already been discounted in the market.

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 trade deficit news certainly points in the direction that the U.S. economy is slowing.

We had a fairly sharp drop yesterday and this is an extension of that,

The ups and downs today were part of the process of consolidation. We're finally stabilizing today and it looks like the worst is over.

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

This does open the door perhaps for an intra-meeting interest rate cut, ... We could see a cut over the weekend.

This couldn't have come out at a worse time, because we have the new Fed chairman testifying tomorrow. It will raise anxiety over the Fed's interest rate outlook.

This is positive in the sense that central bankers believe the global economy is strong enough to raise rates to contain inflation.

You see some individual companies reporting disasters while others are beating street expectations. So that's positive. That shows that the rut in that particular group is probably coming to an end.

I like American Telephone at 45 and 50,

Again, I think we're going to see a lot of revenue growth coming within the next quarter or so, and I believe that it's basically an infrastructure B2B for the Internet, where you can research engines, where you can create your own agents and what not, and management is doing a great job. I'm looking for this stock to really do quite nicely over the next six-to-18 months.

After that I'm looking for a correction of about 12 to 15 percent.

Inflation will stay low. Interest rates will turn lower. Corporate earnings will continue to grow. And I think we can see the Dow by the first quarter of 1999 above 10,000.

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.

I like stocks that have potential earnings possibilities. Those are the ones that could someday be market leaders.

In technology, it's just a lack of serious buying. The market needs to be convinced that the Fed will not raise (interest) rates for the remainder of the year. This is all part of the summer doldrums, but we see cyclical stocks doing a little better here.

Snow's comments about the dollar are giving investors a good excuse to take some money off the table after the recent run up, ... But basically, this is just a lot of profit-taking.

Small investors have learned their lesson: you just don't get out when there's a lot of volatility. I think this bull market has a long way to go.

The backup in oil prices due to intensifying geopolitical problems is obviously weighing and will overshadow any bullish sentiment that's linked to earnings or economic data.

Stocks are likely to be volatile Wednesday and through the end of the week.

Anytime you get an alliance it's good. I think we're going to see more and more strategic deals because it's survival time for a lot of these companies.

Once everyone sifted through all the comments, the realization was that he hasn't changed his thoughts about the economy. He doesn't think the economy is ready to fall off a cliff, and that's basically a strong fundamental for the stock market.

The news about consumer confidence is negative for retailers, ... a preemptive strike to keep us out of recession.

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.

Concerns remain that the economic data indicate the economy could slip back into a recession. Looking at technology, the fears are back in the market that third-quarter earnings may not live up to expectations.

It's quite encouraging. The sentiment is better and you've got the indexes passing the highs of the year and holding, so you've got some technical support as well.

It's quite obvious that the market has been rallying for the past four days, hoping for a 50-basis point rate hike by the Fed -- and they (the Fed) did (raise rates that much). This indicates they are ahead of the curve, but now reality sets in and we're in a trading range.

It's been all over the place today because the volume is low. And in that kind of environment, the market is more vulnerable to pulling back on geopolitical concerns and the weakness of the dollar.

At the end of the quarter you generally see some switching, so now we're seeing some institutions buying blue chips again.

The Fed is going to have to do some serious thinking. We see the markets responding to that today.

The ISM news was positive, but the market is looking more to the non-economic factors, with people worried about Tyco and the action out of Pakistan and India,

The Fed decision was anticipated, so it's not having much of an effect. What we're seeing now is a reaction to the end of the quarter. It's basically window dressing.

The Fed's choice to hold rates steady was no big surprise. People may have been using that as an excuse to sell at the top of a trading range. And we're probably going to be in a bit of a trading range until we get some new economic data that makes people want to move one way or the other.

The last day of the year many years ago used to be the busiest say of the year, but that ended about 15 years ago. This holiday offers a three-day weekend and most institutions have closed their books by now.

It takes a lot of guts to buy near the bottom, ... But smart money is made when nobody wants stocks. If investors take a long-term approach, I think they'll do very well.

Cisco is the excuse today (Thursday) for the pullback, but we're also entering a period of reflection after the recent rally. I think we could see a 3 to 4 percent drop over the next few sessions, before we get back on track.

Clearly, we're not out of the woods yet.

In the past five to six weeks, blue chips got battered somewhat. As we approach the end of the quarter, now that they've come down in price, institutions are focusing on them again.

Investors should be out there, picking up some stocks that are trading near their lows or have bounced off their lows and I think that have good futures. And among them: AT&T ( T : Research , Estimates ) -- their wireless division came in on target, 25, 30 percent growth, and I think that's what is going to carry them. Stock is hovering around their lows here. I think it's a 'great buy.' And I think in the next market rally, that the stock will have a nice bounce.

Investors will continue to monitor what happens in the economy because once the economy picks up, earnings will improve.

I just think they're very cheap. There's no core news for this to happen -- I just think a lot of these stocks have been badly beaten down and investors are starting to get around to looking at them.

But if oil prices and gold prices continue to move higher, at any given time the market could turn on the negative side.

Certainly the move in oil is good, and the market certainly perked up somewhat after that inventory report.

General market sentiment remains quite positive, ... Of course, oil could be a spoiler if it moves higher.

The volume is low and that's going to make it volatile, but I think things look promising heading into the new year.

The two reports don't constitute a change of direction for the economy, but they are negative enough to make investors feel more cautious about the recovery.

The retail sales are a real blow-out number.

The retail sales are a real blow-out number. They show that economic activity is healthy but they will also ignite fears that the Fed will continue raising interest rates as it takes these numbers as a sign that the economy is still growing strongly.

It's clear (from the rally) that sentiment has improved on hopes that this second-half recovery is starting to gain momentum.

Not everybody is getting the check at the same time, but of course it's a positive for the economy. However, it's already in the marketplace and we'd have to see it show up in the (economic) numbers or nationwide polls.

After Mr. Bush's commitment last night, we could probably see some related issues in play that will offset any fallout from the negative sentiment we've had lately,

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

Any time Philip Morris ( MO ) comes into some pressure, I like to accumulate it. I think we're looking at a stock that has a lot of value here. I think for investors that want a safe bet, Philip Morris is a great buy.

An undecided consumer simply means that he may soon begin to pull in his spending habits. Two-thirds of the economy is being supported by the consumer.

The breadth of the market is extremely negative. The decline is accelerating. It's feeding on itself. What we're seeing here is a combination of some sell programs and people beginning to have second thoughts.

The breadth of the market is very negative.

The economy is already weak and this is adding to the woes. It's a lose-lose situation. If the situation is settled soon, we go back to the same soft economy. If the situation is not settled soon, we get an even softer economy.

The good earnings news is really taking hold. Some of the warnings from last week are less of a factor in the marketplace now.

The Chicago number showed manufacturing has been picking up in the Midwest. That bodes well for the national number Monday, all of which supports the idea of a recovery, which is what the market has been betting on.

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.

The Dow and the S&P are lower; the only thing helping the Nasdaq right now is that it's so oversold.

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.

The economic news this morning was mixed. The leading indicators fell for the third straight month, which is certainly not a positive, but the decline was minimal.

The economic news today wasn't good -- obviously it leads to worries of inflation. But that should have been expected, with oil and metals trading higher. It has to translate into inflation. The market continues to drift in a sea of uncertainty -- the geopolitical issues are still the main concern.

The economic numbers have been neutral to positive, but it's the end of the quarter and the market is not responding to the drop in oil and drop in gold.

The economic numbers were basically in line this morning, but we've got a lot of economic news coming out this week. Earnings are pretty much over with, and they were pretty mixed, so investors are now looking to see that the economy won't stall in the second quarter before they're going to be willing to buy.

All in all, I think we're looking at a mixed reading in economic data but pointing to growth ahead. I think it'll continue to support a bullish atmosphere. Right now we're just looking at cautious trading ahead of the numbers and due to Europe being a little soft.

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.

The focus on inflation will change when second quarter earnings begin to roll in, ... set the stage for a summer rally.

The focus will shift from earnings to the presidential election, ... We're in this last part of earnings reporting and most of the damage has already been done. There's not one sector that has not been raided.

The focus will shift from earnings to the presidential election. We're in this last part of earnings reporting and most of the damage has already been done. There's not one sector that has not been raided.

The end of the strike in New York City is, obviously, a positive. It was slowing things down in terms of businesses and spending in a very important time of the year.

The major companies have already reported and it's quite obvious that this market just can't shake the earnings syndrome.

The market at the moment is oversold, paranoid and the psychology is sick.

The market continues to roar. Psychologically, it means a lot. It means the market will continue to move higher.

A good portfolio should be a mixture of sectors -- I don't see any one sector being hot again, ... I would favor more tech and telecom because when they do come back, they'll come back very strong because they got clobbered the most.

A hefty rise at the core rate would upset stocks investors.

The first batch of economic numbers for the day matched expectations. Core inflation isn't yet a real problem. After yesterday's over-exaggerated decline, these numbers still show economic growth and may help give us a rebound.

The key is obviously inflation. A lot of inflation talk could reverse the thought that the Fed is ready to pause after the January meeting.

The key is the fact that oil prices have skyrocketed,

The Juniper (Networks) earnings warning (on Friday) along with some downgrades today (Monday) are basically navigating the markets lower. It's like sailing on a boat that's heading nowhere.

The jury has been out over the last week or so over whether they will indicate that they are going to pause and I think that's what's been holding back the markets.

The damage is done, ... So you want go buy for the rebound, which could be six to eight months away down the road.

This is market that is churning, and moving back and forth. Nasdaq seems like it is looking for a base from which to rally.

Accelerating GDP growth certainly bodes well for future economic activity, ... And though the report showed the impact of defense spending, it also showed that corporations are starting to spend more, too.

Accelerating GDP growth certainly bodes well for future economic activity. And though the report showed the impact of defense spending, it also showed that corporations are starting to spend more, too.

It's the tail end of the month, so the market is probably going to stay in a tight trading range, looking over the shoulder of the bond pit.

It's one of those days where investors are looking at the strong economic news for what it says about the economy, rather than what it could mean for interest rates.