Peter Cardillo Quotes

We have here a cautious market, and it will continue to be cautious until we get through some major data and Greenspan's testimony on Capitol Hill... Also, investors were taking profits from last week's rally.

- Peter Cardillo

Tags

Cautious | Market | Continue | Major | Data |

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We had negative unemployment data, but the market's not focusing on that. The market continues to focus on the news from Iraq. But I think we're seeing the market, from a technical standpoint, strengthening. Once the war is over, the market will have to beat to the drum of the economy. But, for now, it's dancing to the tune of war. - Peter Cardillo

It is obvious that the economy continues to grow and that the job market is growing. Today's numbers are offering investors a sense of relief that perhaps the Fed may not have to be too aggressive in raising interest rates. - Peter Cardillo