Markets are basically in a holding pattern. We had some good economic numbers, but it's Friday ahead of a long Christmas weekend so people aren't going to make much a commitment.
More Quotes from Peter Cardillo:
What the market is telling us is that's it's discounting solid economic growth over the next quarter, ... I think the market can over the next month or so approach the highs we hit last year.Peter Cardillo
EBay came out with good numbers, but the outlook for the fourth quarter and next year wasn't so good, ... We're probably looking at a lower open, with a mixed trading session, as people respond to individual earnings and keep an eye on the price of oil.
Peter Cardillo
The markets are deeply oversold and starving for good news,
Peter Cardillo
There's skepticism about earnings -- companies may report good earnings but they might have some negative comments to make about future revenue growth.
Peter Cardillo
Not everybody is getting the check at the same time, but of course it's a positive for the economy. However, it's already in the marketplace and we'd have to see it show up in the (economic) numbers or nationwide polls.
Peter Cardillo
These stocks are the forgotten group -- they continue to stay dormant and move lower, but they actually become a good buy,
Peter Cardillo
Readers Who Like This Quotation Also Like:
Based on Topics: People QuotesWhen I'm writing a song, it gives me more actual pleasure to hear someone else sing it than do it meself.
Shane MacGowan
If a man suffers ill, let it be without shame; for this is the only profit when we are dead. You will never say a good word about deeds that are evil and disgraceful.
Aeschylus
Happy is he who has gained the wealth of divine thoughts, wretched is he whose beliefs about the gods are dark.
Empedocles