365 Quotes by Peter Cardillo

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.

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.

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.

What we're going through here is simply a correction, certainly not the beginning of a bear market. Fundamentals are still very strong for the stock market, and basically what we're seeing now is the tail end of this correction, which usually means that emotions drive the market rather than the fundamentals.

I think there are some signs out there that the economy is beginning to slow. That's going to keep the Fed on the sidelines at least through May and it's also eventually working its way into the markets.

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

This couldn't have come out at a worse time, because we have the new Fed chairman testifying tomorrow. It will raise anxiety over the Fed's interest rate outlook.

There are some slight movements in technology stocks with sporadic gains, but nothing to write home about,

Last week, we encountered an ugly week for stocks as the market discounted higher interest rates,