Yesterday (Monday), the market came down in a big way on terrorism worries, but today (Tuesday), we'll probably see a sluggish market most of the day. There's no big global news to give us a lift.
More Quotes from Peter Cardillo:
Basically it's a buyers' strike and it's a market of individual stocks rather than the market as a whole.Peter Cardillo
Obviously, Alcoa really disappointed the market today, ... But we've also had a big run-up since the start of the year, and considering that, I think stocks are holding up pretty well.
Peter Cardillo
If we get a strong number (Friday) it could rekindle fears of another Fed tightening and that will keep investors on the defensive.
Peter Cardillo
The rebound is due to many of the sectors moving higher and a big portion of this rise is due to Hewlett-Packard (on the Dow). What the market is telling us is, this morning we panicked but this is probably just an isolated situation and a temporary situation for Intel.
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
The recent rally is being supported today by the strong economic numbers, which indicate that the economy is growing at a faster clip,
Peter Cardillo
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