365 Quotes by Peter Cardillo

I still expect the third quarter to be respectable but that's a thing of the past. But what happens in the fourth quarter (is the question).

In the past five to six weeks, blue chips got battered somewhat. As we approach the end of the quarter, now that they've come down in price, institutions are focusing on them again.

These stocks are the forgotten group -- they continue to stay dormant and move lower, but they actually become a good buy,

Clearly, we're not out of the woods yet.

The selling in financials is an anticipation of lower earnings due to a slower economy, ... From the point of view of interest rates not going up, it's positive.

Cisco is the excuse today (Thursday) for the pullback, but we're also entering a period of reflection after the recent rally. I think we could see a 3 to 4 percent drop over the next few sessions, before we get back on track.

Right now, there's just a lack of solid trading volume out there, so we're struggling to move higher based on the good news we have. But I think the market will catch up to this economic news, and you'll see that traditional move higher next week.

But if oil prices and gold prices continue to move higher, at any given time the market could turn on the negative side.

Sales ex-autos was almost equal to the top-line number, so consumers really are out there spending.