Michael Carty
Michael Carty
Michael Cartywas an Irish Fianna Fáil politician. Born in Loughrea, County Galway to Lawrence and Josephine Carty, he was the eldest of seven children. A schoolteacher by profession, he was first elected to Dáil Éireann as a Fianna Fáil TD for the Galway South constituency at the 1957 general election. From 1961 to 1969, he represented the Galway East constituency, and from 1969 to 1973 the Clare–Galway South constituency. He retired from politics in 1973...
certainly earnings east fear follow interest market middle relates remain seeing talk trend
We're seeing some jitters about the Middle East as it relates to our presidential election. But I think the trend should remain up. Earnings are certainly strong, and I think the market should follow that. The only thing we have to fear is more talk about interest rates.
managers negative portfolio seeing window
We're seeing a little turnaround, after so much negative news. It's also the end of the quarter, so portfolio managers need to do a little window dressing.
bad coming investors market news period
We're in this confessional period where there's nothing but bad news coming into the market place now and investors have become really cynical.
basically events held
We are basically being held up by geopolitical events,
backwards forward impact katrina looking negative
We know Katrina had a negative impact on earnings, ... They (investors) are looking more forward than backwards on earnings.
market path resistance
The path of least resistance for this market is up right now.
begin calling companies economy employment improving market next percent picture rise spending
Most analysts are calling for the market to rise between 5 percent and 10 percent next year, but I think it could be more like 15 percent. The economy is heating up, the employment picture has been improving and companies will begin spending more.
increases interest looking major
We are not looking for any major increases in interest rates.
bouncing market reaction yesterday
The reaction yesterday was just crazy. I think the market is bouncing back from overreaction.
bouncing market reaction yesterday
The reaction yesterday was just crazy, ... I think the market is bouncing back from overreaction.
coming continue continues determine early earnings economic election higher issues likely mid move news prove reports start stocks strong
This stalling is likely to continue as we get through this period. But in early to mid April, you could start to see stocks move higher as the earnings reports start coming in and they prove to be positive, as the economic news continues to be strong and as the issues that are going to determine the election become more clear.
concerns general investors trend until
These concerns are going to keep us from going too high. The general trend is up, but it won't make investors euphoric, at least until after the election.
cash companies deals economic growth positive strong
These companies wouldn't be making these deals if they didn't have cash and if they didn't see strong economic growth ahead, so the deals are positive for sentiment.
although anyone decide department difficult divide immune interest judge justice seemed time
I don't think that anyone is immune to interest rates. Although the Justice Department said it wanted to divide (Microsoft) into two parts, the judge seemed to be disinclined to do that. However, if the Justice Department does decide to do that, we're going to have a difficult time in the near-term.