Peter Cardillo Market Quotations

What we're seeing is typical of a market that is trying to make a bottom, but we're not necessarily there yet.

What we're seeing here is a market that's just waiting to assess economic data later in the week and, of course, moving into the earnings season.

What's shaking the market is oil and the aftermath of the hurricane, ... Every time the price of oil moves into new, higher territory that creates worries about the strength of the economy going forward.

We're into the second day of the quarter, and the market is technically signaling a short-term rebound as we prepare for tomorrow's unemployment report.

We're seeing some profit taking but a strong build-up in inventories could send the price of oil under $60 and that could reverse market psychology.

We're seeing a cautious market because of the Fed meeting. There are a lot of events the markets need to sort through, and the most important one is Mr. Greenspan.

We did get surprising oil inventory data, but it's still below that $60 range. The market is running against options expirations, which are causing technical difficulty.

What we're going through is a market finding itself in a very nervous state and is preparing itself for third-quarter earnings, ... As we wait for the earnings to come out, the market feels the weight of the continued carnage in 'new economy' stocks. Dell's announcement was certainly no help in reversing market psychology.

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.

The fact that oil fell out of bed is certainly propelling the market today,

We're looking at a slightly lower open as we see some consolidation. At the same time I don't expect the market to give up much of what it has gained over the last two days.

Many (tech and telecom stocks) are undervalued. If we have a period of slow growth followed by an acceleration in the economy, I think we could see money flow back, and the one thing that's been very consistent in this market is the rotation factor, ... It tells everyone money is not leaving the stock market.

Mr. Greenspan may have just given us some time here. I think within the next 10 to 12 days this market is probably going to consolidate and stay with a 300-400 point range. ... When we get another interest rate cut, then the market can sail above that 9,000 level.

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.

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.

Of course the market is expecting 25 basis points.

Now that the market has made a tremendous upward move and the large cap stocks are at their highs, more people are looking at smaller companies for some better values.

Obviously, the market was disappointed in Apple and AMD; and you also have to realize that Mr. Greenspan has been reiterating his stance on inflation and the need to stay ahead of the inflation curve,

Obviously the Dow is being helped by the strength in Philip Morris, along with Microsoft and Intel. It's an 'old economy'-'new economy' rally. But volume is not all that great, so obviously the market will continue to guess what the Fed will or will not do.

Obviously, Alcoa really disappointed the market today. But we've also had a big run-up since the start of the year, and considering that, I think stocks are holding up pretty well.

Obviously, Alcoa really disappointed the market today, ... But we've also had a big run-up since the start of the year, and considering that, I think stocks are holding up pretty well.

I would have thought it would have been a lot worse. For now, the market is doing just fine, considering everything.

If things go well with a military strike, the market gives it a seal of approval and moves upward.

Basically we had some good overseas trading. I think that is basically propelling us to a higher opening here. I just think the market is living with the fact that oil prices are trading around these levels, and it's getting a lift from the 10-year yield being below 4.60 percent.

Basically the market is responding to the latest earnings reports and waiting to see what happens with Apple Computer after the bell.

Basically, the market is fearful now that the Fed may need to be more aggressive in raising interest rates.

Basically the market is continuing its defensive posture.

Basically it's a buyers' strike and it's a market of individual stocks rather than the market as a whole.

From a 'wall of worries' standpoint, the market needs to be assured that there are no other casualties out there that are going to report weaker earnings, and from an energy standpoint, prices have got to move lower.

From a technical standpoint, the fact that the market is testing the lower end of the trading range with low volume suggests the risk of the yearly lows being tested increases.

I don't think we're close to a bottom yet. There's just an absence of buyers, and as a result the market continues to work itself lower. But having said that, when it stages a turnaround, it will be quick, vivacious and violent.

If the CPI core rate shows not much of a rise then the market will be able to just focus on good earnings. It will show that the Fed is staying ahead of the inflation curve, which is a positive for the market.

If oil prices continue to rise and there's an escalation of the situation in the Middle East, the question would come up, are we headed for some type of OPEC embargo and where would that send prices. It seems like all of the negative news that possibly could be surrounding the oil market is at hand.

We're in the midst of a technical correction, and I suspect for the next week or so we'll trade within this range. The market has already discounted a lot of the economic and earnings news.

There are so many positive factors that led to today's rally. Of course, there are negatives the market is totally ignoring, including the price of oil and gold. Ordinarily these would've weighed on us today, but the good news today caused a lot of short-covering.

I wouldn't be a bit surprised to see this market sell off. We could see a 5 percent correction.

I think the market will continue to trade in a tight range in no-man's land. It's not like we're collapsing but it's just going nowhere.

I think the market will continue to move higher next week as we sort through the economic numbers. Perhaps the advance won't be as vivacious as it has been, but the upward trend is in place.

I think the market is responding pretty well to the reports and also positioning itself ahead of the economic news due later in the week,

I think the market is now looking at earnings, ... I think we'll probably see earnings come in pretty good, but I think the market is also anticipating that corporate America will voice concerns about high energy costs.

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.

I think the market here is in a very nervous state. You have geopolitical problems surrounding the Iranian situation heating up, and you have concerns about productivity, and that's keeping investors very cautious.

I think the market has gone ahead of itself and I am looking for this market to pull back somewhere between five and six percent within the next six to seven weeks.

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.

I think we'll see a mixed week -- probably a little bit toward the upside -- but a lot depends on the price of oil. If oil stabilizes around here we could inch a bit higher. If it backs down to the low $60s and stabilizes, then the market might rally.

I think we'll see a higher market in 1998, ... The economy is very sound. We've had inflation low, going lower, and we'll see disinflation rather than deflation.

I think what you're seeing is the process of the market setting a bottom. Obviously, September is living up to its reputation (for volatility), but I think the market will eventually lose its bear grip and focus on the economy and earnings going forward.

I think by some time next week, the market will begin to rally again. I believe money managers will be aggressively window dressing.

I think this market now is basically trying to stabilize. The market will probably begin to focus on economic activity rebounding in the first quarter.

I think this market now is basically trying to stabilize, ... The market will probably begin to focus on economic activity rebounding in the first quarter.

I think this market now is basically trying to stabilize,

I think we are in the early stages of a market that is beginning to see some light at the end of the tunnel.

I think today the market is totally going to prepare itself for the FOMC meeting and take its cue from the numbers,

It is obvious that the economy continues to grow and that the job market is growing. Today's numbers are offering investors a sense of relief that perhaps the Fed may not have to be too aggressive in raising interest rates.

I think we're going to see the preliminary GDP show that this economy is flat or even negative. But that's old news. What the market needs to focus on is numbers that show us we are beginning to rebound.

I think we're going to see a very choppy market for the next few weeks, as we get closer to the election, unless oil prices move sharply one way or the other.

Last week, we encountered an ugly week for stocks as the market discounted higher interest rates,

Some of the good earnings reports and good guidance are reversing market psychology. In general, we're probably heading for a good earnings season.

Long-term investors should stay the course, ... No one should be diving into this market with the notion that they'll make fast money because that's not the case.

M&A propelled the market earlier, ... But an upward move in oil above $66 took the wind out of the market in the absence of economic news.

We need some sort of correction. And I think it can come very quick and fast, and then the market will continue to do well simply because the economy continues to do well.

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.

My best guess is the American market is going to fool all of us and is going to perform better than most of us expected,

We had a little surprise with the Bush announcement right away and that gave us a little hope, but the market is still faced with all the same problems that have hurt us for weeks,

We have the weapons inspectors returning, mixed corporate reports and no new economic news to focus on, so stocks are taking a little pause, ... The broader market is mixed to lower but is showing no great declines, while the techs continue to perform a little better.

We have a very mixed situation. There are a few bright spots, but it's a bit disappointing that there hasn't been a follow through from what we saw Friday (with stocks rising). However, that is to be expected as the market responds to oversold conditions and tries to set a base.

Volume is likely to remain light the rest of this week, and I would expect the market to remain volatile Thursday, ... But there's good news out there, and over the next few weeks, I think we'll remain in this trading range but edge up toward the higher end of it.

The deal is positive for the market as it helps clear the air. Obviously, restrictions are going to be tighter in the future.

The deal in Internet helps, but the real reason the market is faring well is because of the end-of-quarter window dressing.

The fact that the market is continuing to stay at the upper end of the trading range, even with oil prices continuing to hover around their highs, is positive, it indicates investor confidence.

We're looking at a flat open. Same-store sales came in a little weaker than expected and the jobless claims shows the labor market is quite tight.

The rebound is due to many of the sectors moving higher and a big portion of this rise is due to Hewlett-Packard (on the Dow). What the market is telling us is, this morning we panicked but this is probably just an isolated situation and a temporary situation for Intel.

When you have M&A (merger and acquisition) activity continuing, it's a sign of stronger economic activity ahead. The market probably will focus on the economic data; I suspect the driving factor of the day could be the ISM index.

Two safe bets, ... And I think during the market pullback both of them will probably be safe bets, especially Philip Morris.

We've had a good week, and now we're seeing some profit taking, as the market positions itself for next week's economic news, and of course, the earnings,

What the market really needs here is stimulant not from the Federal Reserve, but from the CEOs.

Core rate came in better than market expected, showing that inflation remains tame, ... Good news and the market should react positively, but the Fed will continue to raise rates. A good report.

Energy prices, earnings and the fall of the euro all continue to add to that wall of worry and the market is trapped here in a sea of uncertainty, ... There are no buyers and the selling just feeds on itself.

Energy prices are the reason for this. The crisis in the Middle East is obviously going to keep the price of energy at a strong level and that means this market is going to now be fearful of inflation exploding. We could be in for a further bumpy ride.

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.

Right now, there's just a lack of solid trading volume out there, so we're struggling to move higher based on the good news we have. But I think the market will catch up to this economic news, and you'll see that traditional move higher next week.

People feel there are bargains out there. I think the market can continue to rally a little more.

Of course, the whole market will be effected, but financial stocks in particular.

Normally, with gold surging and the dollar down, you'd see that hurting stocks, but the market is ignoring that today, which is somewhat positive.

Oil is trading higher today due to the new hurricane fears. The big story of the week, which will be the market mover, is going to be the Fed.

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.

The breadth of the market is very negative.

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.

You would think on a day when the bond market is very weak and the dollar is collapsing that technology would be weak. But, the weaker dollar is being interpreted as positive for the sale of technology abroad.

A lot of today's market is due to the flow of money going into pension funds and money managers. These are the types of investors who are more inclined toward the large cap stocks.

This market just won't give up some old habits.

This market is grossly oversold. There has been a lot of stimulus added to the economy, so somewhere along the line a recovery will take place.

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.

It's a busy week in terms if earnings with three sectors of the technology sector reporting. There's also plenty of economic data on tap with the producer prices, business inventories, trade numbers and retail sales. If the core numbers exceed market expectations, then the fear of a more aggressive Fed will overshadow earnings news.

It might add to some short-term weakness, but it's not going to have any major effect. When you really analyze it, we had a good stock market in an era of gridlock.

It's a pick-and-choose market here. My thought is that (the Fed) is going to stay pat and they're going to use some tough language. We're going to see a vigilant Fed, and that should keep the markets on the defensive.

It's the tail end of the month, so the market is probably going to stay in a tight trading range, looking over the shoulder of the bond pit.

It's been a roller coaster ride, sort of a precautionary move on the part of investors before we get these key earnings. I'm not a bit worried. This market is going to move higher.

It's been all over the place today because the volume is low. And in that kind of environment, the market is more vulnerable to pulling back on geopolitical concerns and the weakness of the dollar.

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.