365 Quotes by Peter Cardillo

Until there is a positive indication in economic data that the economy is slowing down, the Fed has to stay ahead of the curve.

The market continues to roar. Psychologically, it means a lot. It means the market will continue to move higher.

The market at the moment is oversold, paranoid and the psychology is sick.

Oil is trading higher today due to the new hurricane fears. The big story of the week, which will be the market mover, is going to be the Fed.

I think by some time next week, the market will begin to rally again. I believe money managers will be aggressively window dressing.

What we're seeing is typical of a market that is trying to make a bottom, but we're not necessarily there yet.

What we're seeing here is investors becoming increasingly nervous, awaiting the economic data tomorrow (Thursday). Profit warnings and future growth (concerns) are overshadowing the enthusiasm that we saw develop late yesterday -- it's a feeding process.

The major companies have already reported and it's quite obvious that this market just can't shake the earnings syndrome.

I think it's not a question of real sellers right now, than of people sitting on the sidelines,