We've made some nice gains for the year, and now we're consolidating near the highs,
More Quotes from Peter Cardillo:
What we're seeing is the opposite of two years ago, when every Tom, Dick and Harry was in the market. Now, everybody is shying away from that.Peter Cardillo
The two reports don't constitute a change of direction for the economy, but they are negative enough to make investors feel more cautious about the recovery.
Peter Cardillo
I just think they're very cheap. There's no core news for this to happen -- I just think a lot of these stocks have been badly beaten down and investors are starting to get around to looking at them.
Peter Cardillo
There are some good stories out there, and I think people are looking at them, ... You have the tech stocks doing better than the other, with chips up because of TI. There are also a few specific issues that continue to hold the Dow back again, as was the case yesterday.
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
The deal in Internet helps, but the real reason the market is faring well is because of the end-of-quarter window dressing.
Peter Cardillo
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