365 Quotes by Peter Cardillo
- Author Peter Cardillo
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EBay came out with good numbers, but the outlook for the fourth quarter and next year wasn't so good, ... We're probably looking at a lower open, with a mixed trading session, as people respond to individual earnings and keep an eye on the price of oil.
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What Intel says tomorrow will set the tone for techs in the next few sessions,
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I expect they will stay the line, although the possibility of going from a neutral to a tightening bias has increased.
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Stocks are likely to be volatile Wednesday and through the end of the week.
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What I do see is some need for a consolidation period,
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If we see any upward revision (in unit labor costs) that would give the Fed reason not to pause.
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The backup in oil prices due to intensifying geopolitical problems is obviously weighing and will overshadow any bullish sentiment that's linked to earnings or economic data.
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We're looking at a flat open. Same-store sales came in a little weaker than expected and the jobless claims shows the labor market is quite tight.
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If the dollar continues to fall, and we end up in a free fall, at one point the Fed will have to be more aggressive, ... They may have to respond by raising interest rates by half a point.
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