365 Quotes by Peter Cardillo

The retail sales are a real blow-out number.

Two safe bets, ... And I think during the market pullback both of them will probably be safe bets, especially Philip Morris.

He might fine tune his testimony (of last week) and that could help the markets.

Once everyone sifted through all the comments, the realization was that he hasn't changed his thoughts about the economy. He doesn't think the economy is ready to fall off a cliff, and that's basically a strong fundamental for the stock market.

We're in the midst of a technical correction, and I suspect for the next week or so we'll trade within this range. The market has already discounted a lot of the economic and earnings news.

The good news is that we have a strong economy and there's no inflation, ... Investors are starting to realize the Fed may not need to be that aggressive.

After that I'm looking for a correction of about 12 to 15 percent.

What you need to do is brace yourself. We've gone through bad moments before. This is not the first time and it won't be the last.

The good news is that on the consumer side of things, spending actually declined, and the real good news is the deflator was lower than the last quarter and there was a revision from the first quarter. So when you really dissect it all, it wasn't all that bad.