Famous Quotes from ...

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.

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    I think what you're seeing is the process of the market setting a bottom. Obviously, September is living up to its reputation (for volatility), but I think the market will eventually lose its bear grip and focus on the economy and earnings going forward.

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    There's a little volatility on the downside ahead of the long weekend, so we're seeing money flowing out of the Dow and selectively going into the tech arena. Industrial stocks are not doing so well.

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    Earnings news has been discounted and investors are looking for a reason to take money off the table, ... Today, they found that reason in Microsoft's sales projections.

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    I think by some time next week, the market will begin to rally again. I believe money managers will be aggressively window dressing.

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