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.
More Quotes from Peter Cardillo:
I think what happened yesterday and Monday was a wake-up call for investors,Peter Cardillo
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.
Peter Cardillo
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.
Peter Cardillo
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.
Peter Cardillo
I think the market is holding up pretty well after the recent rally, ... The economic news was mixed today, and investors are eyeing Ivan and the price of oil.
Peter Cardillo
What's shaking the market is oil and the aftermath of the hurricane, ... Every time the price of oil moves into new, higher territory that creates worries about the strength of the economy going forward.
Peter Cardillo
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Based on Topics: Economics QuotesBased on Keywords: over-exaggerated
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