There is so much negative news out there right now. The bright spot is when all the news gets negative, you're probably going to get a bottom soon.
More Quotes from 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
Unless he should say something really out of the ordinary, which is unlikely, I think his comments will likely have a limited effect on stocks,
Peter Cardillo
Obviously the cell business is extremely hot in Europe and it's going to continue and it's going to grow in other parts of the world and I think a good supplier of that comes from Motorola ( MOT Research , Estimates ) and again, the stock has absorbed a lot of negative news lately and it does seem to have made a bottom and it keeps bouncing off its lows. So that tells me that, you know, going forward things will change. We might encounter another quarter of bad news out of them but I think at these levels it should be bought.
Peter Cardillo
There's still very low volume, which leaves the bears in control, and the market remains sensitive to the war factor.
Peter Cardillo
The ISM news was positive, but the market is looking more to the non-economic factors, with people worried about Tyco and the action out of Pakistan and India.
Peter Cardillo
There's skepticism about earnings -- companies may report good earnings but they might have some negative comments to make about future revenue growth.
Peter Cardillo
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Paul Ricoeur
I've got to be honest, there's no pleasure when you're working.
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David Gallagher