What Intel says tomorrow will set the tone for techs in the next few sessions,
More Quotes from Peter Cardillo:
Basically, what they're working on here is a smallpox drug. As you know, the vaccine does have a lot of side effects. And this small, tiny basically New York-based company, with its labs out in Oregon, is working on this drug, ... And they just recently announced a contract from the Army -- 1.6 million. It's obviously speculative and somewhere along the line the company is going to have to raise money.Peter Cardillo
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.
Peter Cardillo
The economic numbers have been neutral to positive, but it's the end of the quarter and the market is not responding to the drop in oil and drop in gold.
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
There's still very low volume, which leaves the bears in control, and the market remains sensitive to the war factor.
Peter Cardillo
An undecided consumer simply means that he may soon begin to pull in his spending habits. Two-thirds of the economy is being supported by the consumer.
Peter Cardillo
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