365 Quotes by Peter Cardillo
- Author Peter Cardillo
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There are some good stories out there, and I think people are looking at them, ... You have the tech stocks doing better than the other, with chips up because of TI. There are also a few specific issues that continue to hold the Dow back again, as was the case yesterday.
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I think what we are experiencing here is a classic stampede of bulls in a long-term bull market,
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Oil prices have backed over $22 here. And I kind of think that this is what is probably going to give a bumpy ride for the next several week to the bond market.
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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.
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There is no question that the State of the Union message last night was very strong and very positive. Obviously the economy continues to do very well. Inflation is low and interest rates are still very low.
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I think what happened yesterday and Monday was a wake-up call for investors,
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Until we get the full force of earnings and economic data later in the week, I kind of expect us to remain at the lower end of the trading range,
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Oil prices are under $60, and the sun is shining here in New York, and so it means the Northeast is enjoying pretty comfortable weather and that's probably going to have an influence on oil prices today,
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I think what you're seeing is the process of the market setting a bottom. Obviously, September is living up to its reputation (for volatility), but I think the market will eventually lose its bear grip and focus on the economy and earnings going forward.
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