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.
More Quotes from Peter Cardillo:
The money is still chasing stocks and that will continue. But I think the Nasdaq is having trouble as it approaches that key 2,100 level.Peter Cardillo
Markets are basically in a holding pattern. We had some good economic numbers, but it's Friday ahead of a long Christmas weekend so people aren't going to make much a commitment.
Peter Cardillo
If the CPI core rate shows not much of a rise then the market will be able to just focus on good earnings, ... It will show that the Fed is staying ahead of the inflation curve, which is a positive for the market.
Peter Cardillo
I think we're going to see the preliminary GDP show that this economy is flat or even negative. But that's old news. What the market needs to focus on is numbers that show us we are beginning to rebound.
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
Any rally is going to be short lived because someone can say the wrong thing (about earnings).
Peter Cardillo
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Based on Topics: Media & News Quotes, Morning QuotesBased on Keywords: jitters, ual
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