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Letter "P" » Peter Cardillo Quotes
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«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.»
Author: Peter Cardillo
«Investors should be out there, picking up some stocks that are trading near their lows or have bounced off their lows and I think that have good futures. And among them: AT&T ( T : Research , Estimates ) -- their wireless division came in on target, 25, 30 percent growth, and I think that's what is going to carry them. Stock is hovering around their lows here. I think it's a 'great buy.' And I think in the next market rally, that the stock will have a nice bounce.»
Author: Peter Cardillo
«There's no question it's earnings-driven. The rally continues to move ahead but on a rotation basis. There are two things driving the market - earnings and economic data. Today's market seems more based on earnings than economic data.»
Author: Peter Cardillo
«Mr. Greenspan certainly left the door open about a possible hike. That whole testimony yesterday (Tuesday), while it relieved the market a bit, is being scrutinized today.»
Author: Peter Cardillo
«I think they're going to take a wait and see attitude.»
Author: Peter Cardillo
«I think the market here is a little undecided. Technology stocks seem to be taking it on the chin again.»
Author: Peter Cardillo
«Mr. Greenspan didn't say anything new but his comments were one of the reasons we saw this early spurt take the market up and wane in the afternoon. But when it's all said and done, what the market is really grasping for here is some really good earnings in technology stocks.»
Author: Peter Cardillo
«Anytime you get an alliance it's good. I think we're going to see more and more strategic deals because it's survival time for a lot of these companies.»
Author: Peter Cardillo
«There aren't any (economic) numbers to say, 'Hey, the economy is slowing,' or 'Hey the economy is strengthening,'»
Author: 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.»
Author: Peter Cardillo
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