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Letter "P" » Peter Cardillo Quotes
«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.»
Author: Peter Cardillo
«Earnings news has been discounted and investors are looking for a reason to take money off the table. Today, they found that reason in Microsoft's sales projections.»
Author: Peter Cardillo
«We are seeing a continuation of this rotation process, with people selling some of the big tech and other gainers of the year, and putting money in sectors that still have room to gain, namely, industrials, metals, anything commodity-related.»
Author: Peter Cardillo
«The market ran into trouble later in the session. I suspect [that] the fact that the dollar hit new lows superceded lower oil prices.»
Author: Peter Cardillo
«We have here a cautious market, and it will continue to be cautious until we get through some major data and Greenspan's testimony on Capitol Hill. Also, investors were taking profits from last week's rally.»
Author: Peter Cardillo
«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.»
Author: Peter Cardillo
«We did get surprising oil inventory data, but it's still below that $60 range. The market is running against options expirations, which are causing technical difficulty.»
Author: Peter Cardillo
«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.»
Author: Peter Cardillo
«The backup in oil prices due to intensifying geopolitical problems is obviously weighing and will overshadow any bullish sentiment thats linked to earnings or economic data.»
Author: Peter Cardillo
«It's a relief for investors to see good earnings reports. It renewed confidence in the markets.»
Author: Peter Cardillo
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