In technology, it's just a lack of serious buying. The market needs to be convinced that the Fed will not raise (interest) rates for the remainder of the year. This is all part of the summer doldrums, but we see cyclical stocks doing a little better here. - Peter Cardillo Quotes
In technology, it's just a lack of serious buying. The market needs to be convinced that the Fed will not raise (interest) rates for the remainder of the year. This is all part of the summer doldrums, but we see cyclical stocks doing a little better here. Peter Cardillo
 

More - Peter Cardillo Quotes

I think Mr. (Federal Reserve Chairman Alan) Greenspan is partially responsible for the latest decline in the market, because in his last testimony, he said something that was quite important, and I think he gave a wake-up call to the market. He said that they were - they had not made a decision yet about the August interest rates. - Peter Cardillo Quotes

I think Mr. (Federal Reserve Chairman Alan) Greenspan is partially responsible for the latest decline in the market, because in his last testimony, he said something that was quite important, and I think he gave a wake-up call to the market. He said that they were - they had not made a decision yet about the August interest rates.

Peter Cardillo

 
The perception is turning toward the fact that the economy is slowing and we can still continue to grow even if the economy grows at 5 percent. - Peter Cardillo Quotes

The perception is turning toward the fact that the economy is slowing and we can still continue to grow even if the economy grows at 5 percent.

Peter Cardillo

 Economy
All of these crises are getting serious, and what the (U.S.) market is experiencing is a crisis of confidence. - Peter Cardillo Quotes

All of these crises are getting serious, and what the (U.S.) market is experiencing is a crisis of confidence.

Peter Cardillo

 Confidence
This trade deficit news certainly points in the direction that the U.S. economy is slowing. - Peter Cardillo Quotes

This trade deficit news certainly points in the direction that the U.S. economy is slowing.

Peter Cardillo

 Direction
I think the market is holding up pretty well after the recent rally, ... The economic news was mixed today, and investors are eyeing Ivan and the price of oil. - Peter Cardillo Quotes

I think the market is holding up pretty well after the recent rally, ... The economic news was mixed today, and investors are eyeing Ivan and the price of oil.

Peter Cardillo

 News
The market is a bit nervous going into the OPEC meeting, but the real nervousness stems from the fact that we got some more earnings warnings which is making the market quite defensive. - Peter Cardillo Quotes

The market is a bit nervous going into the OPEC meeting, but the real nervousness stems from the fact that we got some more earnings warnings which is making the market quite defensive.

Peter Cardillo

 
The market is deadly afraid about what earnings are going to look like in the coming quarters, - Peter Cardillo Quotes

The market is deadly afraid about what earnings are going to look like in the coming quarters,

Peter Cardillo

 
This is positive in the sense that central bankers believe the global economy is strong enough to raise rates to contain inflation. - Peter Cardillo Quotes

This is positive in the sense that central bankers believe the global economy is strong enough to raise rates to contain inflation.

Peter Cardillo

 Economy
There's skepticism about earnings -- companies may report good earnings but they might have some negative comments to make about future revenue growth. - Peter Cardillo Quotes

There's skepticism about earnings -- companies may report good earnings but they might have some negative comments to make about future revenue growth.

Peter Cardillo

 Future
The market opened higher, after some good economic numbers. However, we're seeing a pullback due partly to volume being lighter than usual. - Peter Cardillo Quotes

The market opened higher, after some good economic numbers. However, we're seeing a pullback due partly to volume being lighter than usual.

Peter Cardillo

 
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