I think they're going to take a wait and see attitude.
More Quotes from Peter Cardillo:
It is good news since we did not get any surprises on the upside, but by the same token, the Fed already made its decision, not changing its bias or interest rates.Peter Cardillo
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.
Peter Cardillo
There's been a technical erosion and it continues to feed off of itself. The confidence number brought in some buying and cut some earlier losses, but the markets are basically still lower for all the same reasons they've been lower of late -- the poor earnings outlook, the prospect of war in Iraq, corporate mistrust.
Peter Cardillo
I don't think the correction is over. I think we can get as low as 8,250 before we see stabilization on the market, and then I think we will begin to climb.
Peter Cardillo
Very well managed, ... I just yesterday raised it to a 'strong technical buy.'
Peter Cardillo
As long as there is no inflation this is extremely good for the financial markets and also for the bond market. What we saw a couple of weeks ago was a backup due to technical factors rather than any fundamental changes.
Peter Cardillo
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Dawn Fraser
As a world view, Darwinism cannot of course be refuted, since Faith is, always has been, and always will be, stronger than facts.
Francis Parker Yockey
The basic problems facing the world today are not susceptible to a military solution.
John F. Kennedy