Volume is likely to remain light the rest of this week, and I would expect the market to remain volatile Thursday, ... But there's good news out there, and over the next few weeks, I think we'll remain in this trading range but edge up toward the higher end of it.
More Quotes from Peter Cardillo:
We continue to go down in full force and technology stocks are one total disaster. Fear of pockets of recession continue to grow in the market and, while disappointment over the Fed didn't help, that's just an excuse to sell.Peter Cardillo
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.
Peter Cardillo
I would have thought it would have been a lot worse. For now, the market is doing just fine, considering everything.
Peter Cardillo
The deal is positive for the market as it helps clear the air. Obviously, restrictions are going to be tighter in the future.
Peter Cardillo
The market at the moment is oversold, paranoid and the psychology is sick.
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
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