365 Quotes by Peter Cardillo
- Author Peter Cardillo
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Mr. Greenspan certainly left the door open about a possible hike. That whole testimony yesterday (Tuesday), while it relieved the market a bit, is being scrutinized today.
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I think long-terms are probably headed under 5-1/2 percent. When will that come? As soon as we get the release of the PPI and the consumers price index.
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The market this morning moved up on the good economic numbers. It was a confirmation of what the market has been saying.
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There's been a technical erosion and it continues to feed off of itself,
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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.
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The market opened higher, after some good economic numbers. However, we're seeing a pullback due partly to volume being lighter than usual.
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I think long-terms are probably headed under 5-1/2 percent, ... When will that come? As soon as we get the release of the PPI and the consumers price index.
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A bear market is just the opposite of a bull market, when everything that's positive seems to turn into a negative and stocks continue to fall.
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Obviously we're looking a relief rally here. The hurricane damage was less expected, and that has sent oil slightly lower. But in the next few days we'll see an increase in pre-earnings warnings that will in the short-term will contain the rally.
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