The market is in the process of testing the March-April lows. The only thing that will turn the market around is if we get some CEOs saying there's light at the end of the tunnel.
More Quotes from Peter Cardillo:
I expect they will stay the line, although the possibility of going from a neutral to a tightening bias has increased.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
The retail sales are a real blow-out number. They show that economic activity is healthy but they will also ignite fears that the Fed will continue raising interest rates as it takes these numbers as a sign that the economy is still growing strongly.
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
I think by some time next week, the market will begin to rally again. I believe money managers will be aggressively window dressing.
Peter Cardillo
UAL is certainly a negative for the market, but the news wasn't entirely unexpected, ... You're also seeing a combination of other negative corporate news and jitters ahead of tomorrow's November jobs number, despite the positive weekly numbers this morning.
Peter Cardillo
Readers Who Like This Quotation Also Like:
Based on Keywords: march-aprilEmotions have no place in business, unless you do business with them.
Friedrich Durrenmatt
Man has an innate capacity for violence, but can only justify it in the name of justice.
Ralph Steadman
People only see what they are prepared to see.
Ralph Waldo Emerson