Peter Cardillo Sidelines Quotations

I think there are some signs out there that the economy is beginning to slow. That's going to keep the Fed on the sidelines at least through May and it's also eventually working its way into the markets.

We have some technology stocks moving higher and the large amounts of cash sitting on the sidelines will be coming back into the market. These are just relief rallies with investors trying to pick up bargains.

It's a little bit of a divergent market. There's some money on the sidelines coming into the tech stocks, and any meaningful rally from here will probably be led by the tech group.