Quotations
Famous Quotations
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Peter Cardillo Quotes
«I think the light volume on the market tells me that the market is in a consolidation phase and that we're headed for a nice summer rally. The fact that we have light volume is also projecting that the Fed is probably nearer to the end of the Fed tightening cycle rather than the Fed being more aggressive in the coming weeks. I think the technology stocks are going to come back strongly. And I think financial stocks are going to do well.»
Author: Peter Cardillo
«There was some light profit-taking ahead of the (Easter and Passover) holidays. Volume is not that heavy and people are just waiting on the sidelines.»
Author: Peter Cardillo
«For many months, the 'old economy' stocks were out of favor, but now people are starting to take some money off the (technology stock) table.»
Author: Peter Cardillo
«It's quite obvious that the market has been rallying for the past four days, hoping for a 50-basis point rate hike by the Fed -- and they (the Fed) did (raise rates that much). This indicates they are ahead of the curve, but now reality sets in and we're in a trading range.»
Author: Peter Cardillo
«I think what happened yesterday and Monday was a wake-up call for investors,»
Author: Peter Cardillo
«As a result of that, every now and then the market needs to remind investors that Wall Street is not a one way street, and things don't last forever and things don't go up forever. It is quite obvious that the Nasdaq was due for a correction.»
Author: Peter Cardillo
«It's a welcome technical bounce and a relief for the markets.»
Author: Peter Cardillo
«We're at the end of the quarter so there is some window dressing. The focus is now totally on earnings, and this earnings season looks as though it will be strong if not stronger than last quarter.»
Author: Peter Cardillo
«That's positive for the market, because consumers feel the economy is going well. After yesterday's (Monday's) declines, people are coming back into the market and earnings are good.»
Author: Peter Cardillo
«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.»
Author: Peter Cardillo