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...
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.
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.
certainly companies continuing earned industries money reasonably regional safe seem specialty
Certainly we like certain specialty retailers. We like the regional banks. These are companies and industries that have earned money through the recession, are continuing to earn money and seem like reasonably safe bets,
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.
catalyst continues market mostly move news next people rotation waiting
In general, the news continues to be mostly good, but people are now waiting to see what the next rotation will be in stocks, or what the next catalyst will be to move the market higher.
area balance clean companies computer earning equity good picks return top
I do like computer software, and electronics. And therefore, you know my top picks right now would be large-cap companies in a high-growth area with good, solid, clean balance sheet, good return on equity and good earning projections.
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.
expectation higher prices seems
Even with oil, the expectation seems to be that higher prices are something we have to live with for now.
ability earnings great performer terms
It's a great performer in terms of earnings ability,
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.
earnings helps likely retail strong
The retail earnings are likely going to be strong and that helps the market.
combined dry higher interest layoffs margins orders profits rates record rising start
The new orders index was better, profits are going to be up a little, interest rates are at a record low, there have been so many layoffs that that may start to dry up, there will be rising productivity and higher profit margins -- all these things combined could give some support,
factors
It's one of these choppy days, where there are a lot of different factors at play.
select
They're going to be upwards, ... But it's only going to be in select sectors.