Quotations
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Peter Cardillo Quotes
«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.»
Author: Peter Cardillo
«The Fed decision was anticipated, so it's not having much of an effect. What we're seeing now is a reaction to the end of the quarter. It's basically window dressing.»
Author: Peter Cardillo
«Inflation will stay low. Interest rates will turn lower. Corporate earnings will continue to grow. And I think we can see the Dow by the first quarter of 1999 above 10,000.»
Author: Peter Cardillo
«The market is up because of the good economic numbers, but more importantly, the market is beginning to see some stabilization in Asia and that is the key in the short term.»
Author: Peter Cardillo
«The market here is certainly very strong.»
Author: Peter Cardillo
«What we're going through here is simply a correction, certainly not the beginning of a bear market. Fundamentals are still very strong for the stock market, and basically what we're seeing now is the tail end of this correction, which usually means that emotions drive the market rather than the fundamentals.»
Author: Peter Cardillo
«[Yet while many looked to new highs for blue chips and a resurgence in the broader markets, some said the near-term rally could be short-lived.] I would not be surprised to see this market register a new high, perhaps closing at a new record high, ... But then we'll probably see some sort of a pullback.»
Author: Peter Cardillo
«The breadth of the market is extremely negative. The decline is accelerating. It's feeding on itself. What we're seeing here is a combination of some sell programs and people beginning to have second thoughts.»
Author: Peter Cardillo
«Today's sharp decline is partly from the Clinton problem, there's no question about that at this point.»
Author: Peter Cardillo
«A bear market is just the opposite of a bull market, when everything that's positive seems to turn into a negative and stocks continue to fall.»
Author: Peter Cardillo