Peter Cardillo Question Quotations

There is no question that the State of the Union message last night was very strong and very positive. Obviously the economy continues to do very well. Inflation is low and interest rates are still very low.

The CPI was good news but still leaves that question mark about energy prices. The gasoline hike of the past three weeks was not included in it.

Obviously it negates the theory about Dow 1,000. What (the new milestone) tells us is people have a lot of confidence. Money is still flowing into the United States despite some question marks about inflation. Nothing has changed.

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.

If oil continues to stay at these levels for a sustained period, it will bite into economic activity and renew inflationary pressure. That could put into question if and when the Fed will end its tightening cycle.

I think it's not a question of real sellers right now, than of people sitting on the sidelines,

Today's sharp decline is partly from the Clinton problem, there's no question about that at this point.

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.

Dell Computer ( DELL : Research , Estimates ) is battered down here, revenue growth put into question as the whole technology group has been put into question but I think, you know, going forward that Dell will be a winner here and I think it should be bought at these levels.