Peter Cardillo Indicate Quotations

Concerns remain that the economic data indicate the economy could slip back into a recession. Looking at technology, the fears are back in the market that third-quarter earnings may not live up to expectations.

The jury has been out over the last week or so over whether they will indicate that they are going to pause and I think that's what's been holding back the markets.

The recent rally is being supported today by the strong economic numbers, which indicate that the economy is growing at a faster clip,

The action is good so far, but we need to see another few days of this -- with slight pullbacks and people then buying on those pullbacks -- for this to really indicate that some sort of bottom has been set,