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...
expecting forward looking people
People are looking forward to 2006 and expecting to have more difficulties.
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.
bear difficult forward glass investors light market moving reflected seeing shows standing time trading
The market is moving forward and then back again. We're seeing the glass half-full one day and half-empty the next. This shows that investors are still very tentative and that's also reflected in the light trading volume. The bear is still very young and its having a difficult time standing up.
earnings focus inflation starting turn worries
Because inflation is modest, and worries about that are starting to diminish, I think the focus will turn to earnings, and the earnings are going to be very strong.
alan chairman people says
What (Fed Chairman Alan Greenspan) says is going to be very important because people like to read between the lines.
concerned economic fact mainly somewhat strong
We've been somewhat concerned with transportation companies, trucking, mainly because of the fact that we're not in a very strong economic recovery.
basis bears bit people points rates rise worried
Some bears had implied that rates will rise by 50 basis points tomorrow, and some people were a bit worried about that.
market people problem reluctant starting
Sentiment, generally, is the big problem now. Even as market fundamentals are starting to improve, people are reluctant to buy,
against capital gains losses might people recent selling taken
We might find some people selling off the big winners, ... because they might want to take some capital gains against the capital losses they've taken in recent years.
continues earnings focus good happening interest market
There are a lot of good things happening right now, but the market continues to focus on Iraq, interest rates, the presidential election, and particularly right now, the high-profile earnings misses.
although decided drop market next people rumors volume
There are some rumors that although the market is open, a lot of people have decided to take long holidays, and so I think you'll see a drop in volume next week.
basically coming factory negatives orders rebuilding seem
There are some negatives out there, but manufacturing and factory orders seem to be coming back and there will be a lot of rebuilding down in the Southeast. I think we've basically been too negative.
diplomatic happen potential recession technical yesterday
Yesterday (Monday) was a technical rally. There's still a lot of uncertainty about a potential recession and about what's going to happen on the diplomatic front.
given ignore jobs people report
I think people are going to ignore the jobs report for the most part. What else can you do given the circumstances?.