Peter Cardillo Seems Quotations

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 have a lot to get through next week, but I think the advance can continue. There seems to be a lot of enthusiasm returning to the market.

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.

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.

This is market that is churning, and moving back and forth. Nasdaq seems like it is looking for a base from which to rally.

The market is very much gripped by earnings' warnings. That's why the market seems to be lacking a clear direction on the upside.

The market seems to be concentrating on the future rebuilding of the devastated area, and I think that's what's keeping the market from declining.