There are so many positive factors that led to today's rally. Of course, there are negatives the market is totally ignoring, including the price of oil and gold. Ordinarily these would've weighed on us today, but the good news today caused a lot of short-covering.
More Quotes from Peter Cardillo:
Concerns remain that the economic data indicate the economy could slip back into a recession. Looking at technology, the fears are back in the market that third-quarter earnings may not live up to expectations.Peter Cardillo
Anytime you get an alliance it's good. I think we're going to see more and more strategic deals because it's survival time for a lot of these companies.
Peter Cardillo
As a result of that, every now and then the market needs to remind investors that Wall Street is not a one way street, and things don't last forever and things don't go up forever. It is quite obvious that the Nasdaq was due for a correction.
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
It's going to be a very busy week in terms of economic news,
Peter Cardillo
The economic numbers were basically in line this morning, but we've got a lot of economic news coming out this week. Earnings are pretty much over with, and they were pretty mixed, so investors are now looking to see that the economy won't stall in the second quarter before they're going to be willing to buy.
Peter Cardillo
Readers Who Like This Quotation Also Like:
Based on Topics: Gold QuotesVenus told me the other day that champions don't get nervous in tight situations. That really helped me a lot. I decided I shouldn't get nervous and just do the best I can.
Serena Williams
Through these ongoing activities and possibly in the future, a Canadian will go live and work on the International Space Station and we will continue to make Canadians proud of our achievements in space.
Marc Garneau
After these three novels I gave up writing novels for a time; I was dissatisfied with romantic doom, yet didn't see much way around it.
Nicholas Mosley