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Letter "P" » Peter Cardillo Quotes
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«Oil prices are under $60, and the sun is shining here in New York, and so it means the Northeast is enjoying pretty comfortable weather and that's probably going to have an influence on oil prices today,»
Author: Peter Cardillo
«Obviously we're looking a relief rally here. The hurricane damage was less expected, and that has sent oil slightly lower. But in the next few days we'll see an increase in pre-earnings warnings that will in the short-term will contain the rally.»
Author: Peter Cardillo
«I think we are in the early stages of a market that is beginning to see some light at the end of the tunnel.»
Author: Peter Cardillo
«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.»
Author: Peter Cardillo
«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.»
Author: Peter Cardillo
«Investors will continue to monitor what happens in the economy because once the economy picks up, earnings will improve.»
Author: Peter Cardillo
«The market is going to be held hostage to corporate earnings and there is no real evidence that there is a turnaround. So we'll continue to have what we've been having -- people not really showing any willingness to participate.»
Author: Peter Cardillo
«The damage is done, ... So you want go buy for the rebound, which could be six to eight months away down the road.»
Author: Peter Cardillo
«Obviously they (investors) are going to focus on the Fed but a rate cut is priced in. The focus will be on the economy and signs that the first batch of interest rates are finally taking hold.»
Author: Peter Cardillo
«It takes a lot of guts to buy near the bottom, ... But smart money is made when nobody wants stocks. If investors take a long-term approach, I think they'll do very well.»
Author: Peter Cardillo
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