If we get a strong number (Friday) it could rekindle fears of another Fed tightening and that will keep investors on the defensive.
More Quotes from Peter Cardillo:
The fact that the Nasdaq breached 2000, an important psychological level, but managed to close above it several times now over the last week is a positive. But I think we're going to continue to see this consolidation for at least another week or so until more of the March economic reports start coming in.Peter Cardillo
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.
Peter Cardillo
They recently got on to the Internet side of things, ... And as a result of that, I think we're going to see some pretty big names joining in with them and I think the stock is real cheap here. I'm looking for about 15 to 20 by year's end.
Peter Cardillo
There is no question that the State of the Union message last night was very strong and very positive. Obviously the economy continues to do very well. Inflation is low and interest rates are still very low.
Peter Cardillo
Last week, we encountered an ugly week for stocks as the market discounted higher interest rates,
Peter Cardillo
I do not buy this theory that, you know, the market is going to continue to move higher without the participation of the smaller cap stocks. It's just not in the cards.
Peter Cardillo
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