Peter Cardillo Perhaps Quotations

I think the market will continue to move higher next week as we sort through the economic numbers. Perhaps the advance won't be as vivacious as it has been, but the upward trend is in place.

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.

I would not be surprised to see this market register a new high, perhaps closing at a new record high. But then we'll probably see some sort of a pullback.

We saw that in the brokerage houses with the consolidation and that's exactly what's happening in the telecommunications sector. And I believe however that there are those companies out there either through perhaps future mergers that will make it and two of them that I like for the long-term is AT&T and WorldCom, ... I think somewhere along the line they might be bought out by some major international concern but it think if you have those stocks it was good at these levels probably to begin to average out.

This does open the door perhaps for an intra-meeting interest rate cut, ... We could see a cut over the weekend.

It's a step in the right direction to perhaps halt some of the excess volatility in electronically traded stocks.