What we're going through is a market finding itself in a very nervous state and is preparing itself for third-quarter earnings, ... As we wait for the earnings to come out, the market feels the weight of the continued carnage in 'new economy' stocks. Dell's announcement was certainly no help in reversing market psychology.
More Quotes from Peter Cardillo:
You see some individual companies reporting disasters while others are beating street expectations. So that's positive. That shows that the rut in that particular group is probably coming to an end.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
The Fed is going to have to do some serious thinking. We see the markets responding to that today.
Peter Cardillo
Earnings news has been discounted and investors are looking for a reason to take money off the table. Today, they found that reason in Microsoft's sales projections.
Peter Cardillo
One of the three things worrying the markets for weeks -- namely, interest rates -- has diminished, today, ... But the geopolitical incidents and higher oil prices -- which are connected -- have sent a chill through global markets, creating this buyer's strike, and we're following suit.
Peter Cardillo
The Chicago number showed manufacturing has been picking up in the Midwest. That bodes well for the national number Monday, all of which supports the idea of a recovery, which is what the market has been betting on.
Peter Cardillo
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So it's really nice after about a year and a half to get back on stage and flex those old muscles.
Michael C. Hall
I was originally going to be a lawyer, and the only thing I remember from the art of cross-examination is - you can see this one coming up Sixth Avenue - never ask a question the answer to which you do not know.
James Lipton