The news about consumer confidence is negative for retailers, ... a preemptive strike to keep us out of recession.
More Quotes from Peter Cardillo:
The news has been pretty good on the economic front, but there's a hesitancy to move higher in the short term. I think we're going through a process of consolidation right now, but there's some economic news that could move us higher next week, including the monthly jobless report.Peter Cardillo
The market has so far been ignoring the good economic news, but it's just a matter of time before investors shake off the fear factor.
Peter Cardillo
I think we're likely to remain in a broader trading range for the time being.
Peter Cardillo
We have the weapons inspectors returning, mixed corporate reports and no new economic news to focus on, so stocks are taking a little pause. The broader market is mixed to lower but is showing no great declines, while the techs continue to perform a little better.
Peter Cardillo
We are seeing a continuation of this rotation process, with people selling some of the big tech and other gainers of the year, and putting money in sectors that still have room to gain, namely, industrials, metals, anything commodity-related,
Peter Cardillo
Today's rally set a different tone to the market because it's not suggesting another false start. That's because there was an improvement in the quality of buying. Money is moving into stocks from bonds. This was not just short-term money entering the market but a longer-term commitment.
Peter Cardillo
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Based on Topics: Confidence QuotesTo be afraid is to behave as if the truth were not true.
Bayard Rustin
Always point your finger at the chest of the person with whom you are being photographed. You will appear dynamic. And no photo editor can crop you from the picture.
Ken Auletta
And New Year's Eve is very, very important to me.
Debbie Harry