Peter Cardillo Quotes (241 Quotes)

The deal in Internet helps, but the real reason the market is faring well is because of the end-of-quarter window dressing.

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.

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.

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.

I think Mr. (Federal Reserve Chairman Alan) Greenspan is partially responsible for the latest decline in the market, because in his last testimony, he said something that was quite important, and I think he gave a wake-up call to the market. He said that they were - they had not made a decision yet about the August interest rates.

Not everybody is getting the check at the same time, but of course it's a positive for the economy. However, it's already in the marketplace and we'd have to see it show up in the (economic) numbers or nationwide polls.

I think the market is responding pretty well to the reports and also positioning itself ahead of the economic news due later in the week,

Dell Computer ( DELL Research , Estimates ) is battered down here, revenue growth put into question as the whole technology group has been put into question but I think, you know, going forward that Dell will be a winner here and I think it should be bought at these levels.

There's been a technical erosion and it continues to feed off of itself. The confidence number brought in some buying and cut some earlier losses, but the markets are basically still lower for all the same reasons they've been lower of late -- the poor earnings outlook, the prospect of war in Iraq, corporate mistrust.

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.

The market is going to be held hostage to corporate earnings and there is no real evidence that there is a turnaround. So we'll continue to have what we've been having -- people not really showing any willingness to participate.

A good portfolio should be a mixture of sectors -- I don't see any one sector being hot again, ... I would favor more tech and telecom because when they do come back, they'll come back very strong because they got clobbered the most.

Very well managed, ... I just yesterday raised it to a 'strong technical buy.'

I think the market is holding up pretty well after the recent rally, ... The economic news was mixed today, and investors are eyeing Ivan and the price of oil.

The ups and downs today were part of the process of consolidation. We're finally stabilizing today and it looks like the worst is over.

We didn't see any major change out of France or Germany, ... While the reaction to Mr. Powell's speech at the United Nations obviously was positive, I think when people realized that Germany was not changing its stance and France wasn't softening too much, it was back to worries of uncertainty.

I think volume is going to pick up to begin with and that the markets probably, by end of this week, are going to begin to get out of that resistance level, both the Nasdaq and Dow. And I think we're probably going to test the old highs by the end of year. Leadership, I think, will come from technology and telecommunications stocks. The economy is headed for a soft landing. All the fundamentals remain in place. And, last but not the least, there's been a tremendous amount of build up in cash reserves. That money is going to be put to use.

We're in uncharted times here, both for the economy and for the stock market. Some of the old rules just don't apply to global economics and to the global mechanism of how things are working.

Unless he should say something really out of the ordinary, which is unlikely, I think his comments will likely have a limited effect on stocks,

The first batch of economic numbers for the day matched expectations. Core inflation isn't yet a real problem. After yesterday's over-exaggerated decline, these numbers still show economic growth and may help give us a rebound.

An undecided consumer simply means that he may soon begin to pull in his spending habits. Two-thirds of the economy is being supported by the consumer.

what happened was a good thing. It created new opportunities. I found very little panic among small investors.

I do not buy this theory that, you know, the market is going to continue to move higher without the participation of the smaller cap stocks. It's just not in the cards.

I think we're likely to remain in a broader trading range for the time being.

If oil prices continue to rise and there's an escalation of the situation in the Middle East, the question would come up, are we headed for some type of OPEC embargo and where would that send prices, ... It seems like all of the negative news that possibly could be surrounding the oil market is at hand.

That's positive for the market, because consumers feel the economy is going well. After yesterday's (Monday's) declines, people are coming back into the market and earnings are good.

Many (tech and telecom stocks) are undervalued. If we have a period of slow growth followed by an acceleration in the economy, I think we could see money flow back, and the one thing that's been very consistent in this market is the rotation factor, ... It tells everyone money is not leaving the stock market.

The market opened higher, after some good economic numbers. However, we're seeing a pullback due partly to volume being lighter than usual.

Concerns remain that the economic data indicate the economy could slip back into a recession. Looking at technology, the fears are back in the market that third-quarter earnings may not live up to expectations.

The market is being held hostage by higher yields. But I think they are somewhat over extended at this time.

Basically, what they're working on here is a smallpox drug. As you know, the vaccine does have a lot of side effects. And this small, tiny basically New York-based company, with its labs out in Oregon, is working on this drug, ... And they just recently announced a contract from the Army -- 1.6 million. It's obviously speculative and somewhere along the line the company is going to have to raise money.

I think by some time next week, the market will begin to rally again. I believe money managers will be aggressively window dressing.

Obviously, this is going to raise the level of speculation and fear. And the news may impact oil prices, sending them higher, which would cap equities.

The end of the strike in New York City is, obviously, a positive. It was slowing things down in terms of businesses and spending in a very important time of the year.

The good news is that we have a strong economy and there's no inflation, ... Investors are starting to realize the Fed may not need to be that aggressive.

The action is good so far, but we need to see another few days of this -- with slight pullbacks and people then buying on those pullbacks -- for this to really indicate that some sort of bottom has been set,

For many months, the 'old economy' stocks were out of favor, but now people are starting to take some money off the (technology stock) table.

The good earnings news is really taking hold. Some of the warnings from last week are less of a factor in the marketplace now.

The recent rally is being supported today by the strong economic numbers, which indicate that the economy is growing at a faster clip,

The selling in financials is an anticipation of lower earnings due to a slower economy. From the point of view of interest rates not going up, it's positive.

Here is a classical story of a stock that is trading under book value. ATT, the same thing. I believe it is up 4 or 5 points from its low and basically trying to stabilize at these levels, when it is all said and done, it still probably will be the leader of the pack. Again, a company selling under book value,

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.

The market is trying to rally again and that's encouraging. But whether yesterday (Wednesday) was really the big capitulation day remains to be seen. The market is probably going to drift in the next week or so as it finds its footing after the run-up.

Normally, with gold surging and the dollar down, you'd see that hurting stocks, but the market is ignoring that today, which is somewhat positive.

Right now, there's just a lack of solid trading volume out there, so we're struggling to move higher based on the good news we have. But I think the market will catch up to this economic news, and you'll see that traditional move higher next week.

After Mr. Bush's commitment last night, we could probably see some related issues in play that will offset any fallout from the negative sentiment we've had lately,

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.

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.

I expect they will stay the line, although the possibility of going from a neutral to a tightening bias has increased.

I think what happened yesterday and Monday was a wake-up call for investors,