The Juniper (Networks) earnings warning (on Friday) along with some downgrades today (Monday) are basically navigating the markets lower. It's like sailing on a boat that's heading nowhere.
More Quotes from 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
The deal in Internet helps, but the real reason the market is faring well is because of the end-of-quarter window dressing.
Peter Cardillo
The last day of the year many years ago used to be the busiest say of the year, but that ended about 15 years ago. This holiday offers a three-day weekend and most institutions have closed their books by now.
Peter Cardillo
The market is once again staying within the broader trading range, ... and in this case rotating out of commodity and related issues and buying tech and others that are perceived as being better values right now.
Peter Cardillo
What Intel says tomorrow will set the tone for techs in the next few sessions,
Peter Cardillo
The CPI was good news but still leaves that question mark about energy prices. The gasoline hike of the past three weeks was not included in it,
Peter Cardillo
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Based on Keywords: downgrades, juniper, navigatingFortunately, in the place where I went out, they had set up a little previously a fence which prevented me finally from smashing against trees. I went out with a broken leg only. A small price to be paid at the time for an accident of this kind.
Jacky Ickx
There are sadistic scientists who hurry to hunt down errors instead of establishing the truth.
Marie Curie
Nothing is more intolerable than to have to admit to yourself your own errors.
Ludwig van Beethoven