365 Quotes by Peter Cardillo
- Author Peter Cardillo
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We had a little surprise with the Bush announcement right away and that gave us a little hope, but the market is still faced with all the same problems that have hurt us for weeks,
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Obviously the cell business is extremely hot in Europe and it's going to continue and it's going to grow in other parts of the world and I think a good supplier of that comes from Motorola ( MOT : Research , Estimates ) and again, the stock has absorbed a lot of negative news lately and it does seem to have made a bottom and it keeps bouncing off its lows. So that tells me that, you know, going forward things will change. We might encounter another quarter of bad news out of them but I think at these levels it should be bought.
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Its a bit of a Nasdaq melt down here,
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We've made some nice gains for the year, and now we're consolidating near the highs,
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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.
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The markets are deeply oversold and starving for good news,
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It might add to some short-term weakness, but it's not going to have any major effect. When you really analyze it, we had a good stock market in an era of gridlock.
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We have a lot to get through next week, but I think the advance can continue. There seems to be a lot of enthusiasm returning to the market.
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The market remains technically weak, ... The story hasn't changed.
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