The advance is on the heels of good economic numbers this morning. Chicago PMI in particular took people by surprise. You also had some good earnings news from Disney and Honeywell, ... That turned the dollar around, which in turn pushed some of the geopo
More Quotes from Peter Cardillo:
I think we're likely to remain in a broader trading range for the time being.Peter Cardillo
We had negative unemployment data, but the market's not focusing on that. The market continues to focus on the news from Iraq. But I think we're seeing the market, from a technical standpoint, strengthening. Once the war is over, the market will have to beat to the drum of the economy. But, for now, it's dancing to the tune of war.
Peter Cardillo
The focus on inflation will change when second quarter earnings begin to roll in, ... set the stage for a summer rally.
Peter Cardillo
The market will continue to be supported by the good earnings we've had and by the options expiration we're seeing but certainly we're nearing some day of reckoning.
Peter Cardillo
The rebound is due to many of the sectors moving higher and a big portion of this rise is due to Hewlett-Packard (on the Dow). What the market is telling us is, this morning we panicked but this is probably just an isolated situation and a temporary situation for Intel.
Peter Cardillo
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.
Peter Cardillo
Readers Who Like This Quotation Also Like:
Based on Topics: Morning QuotesBased on Keywords: honeywell, pmi
I think we've established a convention on the show that allows us to do pretty much anything we want to.
Thayer David
I'm at the age where I've got to prove that I'm just as good as I never was.
Rex Harrison
Everything on this record is what I really wanted to say, and I'm back to being the poet I always thought I was.
Stevie Nicks