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...
although bleak last leaders looked looking people picture seeing tech three touch weak
Tech has been so weak for so long that no one wanted to touch it. But people are looking at it again. Although the tech picture looked bleak for the last three years, people are seeing that there are going to be survivors, the leaders in the sectors.
action afraid market people point stock
I think the stock action has been very positive. It's getting to the point where people are more afraid of being out of the market than getting in it.
earlier hitting investors leg lows market next taking tend year
Investors are taking a 'wait and see' attitude. They want to see if the market has really bottomed after hitting the lows of the year earlier this week, and if the next leg of this is a rally. I tend to think it is.
bottom convinced hit investors leading market seeing
I think we're seeing investors being convinced that we hit the bottom and from here we'll go through some softening of the economy. But if we're going to get back into the market, we want to do it now because the market is a leading indicator.
cases demand dried environment fearing investors looking major memory oil overall people towards
Investors have a long memory -- in those cases where we've had major oil shocks, overall demand has dried up, ... People are looking towards and fearing a slow-growth, inflationary environment -- stagflation.
breathe earnings fairly itself market muddled reports room run trade wanting
The earnings reports and outlooks have been fairly positive, but I think trade has been kind of muddled recently, with the market wanting to give itself room to breathe after the big run it's had.
consumer earn expected fiscal good percent returns within
I kind of like consumer non-durables, (they are) all expected to earn 20 to 25 percent or better this fiscal year, ... They have good returns on equity, 15 percent plus. And I think they're priced appropriately within their price-to-earnings multiples.
earnings helps likely retail strong
The retail earnings are likely going to be strong and that helps the market.
although couple hesitation impressed investors last negative particular period
I was very impressed with the last couple days' performance, in particular with the Dow, which rallied nicely. But we're in this pre-announcement period and although there haven't been too many negative comments, there's some hesitation on the part of investors because of that.
dried steam volume
There's not a lot of steam in this market. The volume has really dried up.
basically iraq markets might modest negatives played positive resolution result time
I think the markets are basically making time as a result of the Iraq situation. The negatives are being played up, and the positive things not absorbed. With a modest resolution to some of these things we might see a market rally.
select
They're going to be upwards, ... But it's only going to be in select sectors.
earnings margin operating percent rise run year
They run about 111 hospitals. It has about a 20 percent rise in earnings this year. Five- year projections are 20 percent annually. It's got operating margin around 20 percent.
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,