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...
bears evidence situation supports view
I don't think the evidence supports the view that we will get there. But it's a situation that bears watching.
along continue economy election elections gets kinds looking market moving nicely policies seems start stocks sudden until
In most election years, stocks are up. But when you think about the kinds of policies that are going to be implemented, the market gets a little worried. So, I would say up until the election you will see some very interesting dynamics. If they feel that a demonstration is favorable, drug stocks will get in then and all of a sudden the drug stocks will start looking hot. If the economy seems to be moving along nicely the high-tech new economy-type stocks will continue to do well,
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.
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.
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.
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?.
chips energy investors market minds
Stagflation is in the back of the minds of many investors right now. When they see energy getting quirky, they want to duck. And when they see the market rally, they want to take some chips off the table.
hit range remains takes trend
It's been a choppy period, where it takes a hit one day and then bounces back the next. We're in a range here, but I think the trend remains upward.
auto great means older rate repair retail return sales somewhere stocks
I like AutoZone because it's got a rate of return on equity, somewhere in the neighborhood of 40 percent, ... It's got a great franchise. As the auto stocks get older and retail sales for autos are off a little bit, it means that the stock will get older and you have to repair your cars. And they're getting into the diagnostic lines, which helped.
expectation higher prices seems
Even with oil, the expectation seems to be that higher prices are something we have to live with for now.
bit capital cloud concerns investors robust technology wary
Technology has been under a bit of a cloud and there's still concerns about the telecom industry, ... I think investors are still very wary of it. They want to see more robust capital expenditure.
ahead bush charge clear happened wants
No one wants to concede right away because of what happened before, but I think it (the market) is going to charge ahead like this is a clear Bush win.
investor position prudent
The most prudent position for any investor right now,
action cuts fed quarter rose stocks
Stocks rose sharply after the Fed cuts in the first quarter of 2001. So Fed action now could help.