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.
More Quotes from Peter Cardillo:
I think they're going to take a wait and see attitude.Peter Cardillo
The market will continue to be supported by the good earnings we've had and by the options expiration we're seeing but certainly we're nearing some day of reckoning.
Peter Cardillo
The volume is low and that's going to make it volatile, but I think things look promising heading into the new year.
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
Last week, we encountered an ugly week for stocks as the market discounted higher interest rates,
Peter Cardillo
We've made some nice gains for the year, and now we're consolidating near the highs,
Peter Cardillo
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Based on Topics: Economics QuotesBased on Keywords: hesitancy
I think it has other roots, has to do, in part, with a general anxiety in contemporary life... nuclear bombs, inequality of possibility and chance, inequality of goods allotted to us, a kind of general racist, unjust attitude that is pervasive.
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Freedom is contagious. That's why despots fear it so much.
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And I would urge all women to have that regular mammogram.
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