365 Quotes by Peter Cardillo

From a technical standpoint, the fact that the market is testing the lower end of the trading range with low volume suggests the risk of the yearly lows being tested increases.

The news about consumer confidence is negative for retailers, ... a preemptive strike to keep us out of recession.

The fact that the Nasdaq breached 2000, an important psychological level, but managed to close above it several times now over the last week is a positive. But I think we're going to continue to see this consolidation for at least another week or so until more of the March economic reports start coming in.

Futures are pointing up a little bit. I think we will see a typical August Friday: Low volume and no economic data. I think we will see some winding and grinding for most of the day.

The low volume confirms that everyone is sitting on their hands. They don't want to venture until there is clarity on the Iraq situation.

The fact that the market is continuing to stay at the upper end of the trading range, even with oil prices continuing to hover around their highs, is positive, it indicates investor confidence.

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.

The lower oil prices go, the higher we may see the stock indexes moving this afternoon.

I don't think we're close to a bottom yet. There's just an absence of buyers, and as a result the market continues to work itself lower. But having said that, when it stages a turnaround, it will be quick, vivacious and violent.