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The Nasdaq Composite Index 
, for instance, made steady gains in January only to have them completely wiped out in the first half of February, thanks to poor fourth-quarter earnings for some of the biggest names in tech. Even bellwether Cisco(CSCO Quote), which had earned the reputation of beating estimates by a penny,
disappointed investors.
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The Daily Interview: Westfalia Investments' Peter Cardillo
The markets have been acting, to put it mildly, schizophrenic since the beginning of the year.
 Peter Cardillo Chief Strategist Westfalia Investments |
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, for instance, made steady gains in January only to have them completely wiped out in the first half of February, thanks to poor fourth-quarter earnings for some of the biggest names in tech. Even bellwether Cisco(CSCO Quote), which had earned the reputation of beating estimates by a penny,
disappointed investors.
Federal Reserve Chairman Alan Greenspan and pals did their best to improve sentiment and the economy with their two 50 basis-point rate cuts, but to no avail. ...
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