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...
earnings economic momentum seems
There seems to be a lot of economic momentum and earnings momentum fueling this market.
challenge iraq next stocks week
The challenge for stocks next week is going to be getting through more Iraq news.
expect four investors profits quarter strongest three
This has been the strongest quarter in three or four years, and so you'd expect investors to want to take some profits as the quarter is winding down.
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The markets seem to be rising as a consequence of the fact that the Federal Reserve had decreased the interest rate by half a percentage point and the fact that people began to believe the Fed was going to do whatever it can do to continue to see the economy turn around.
base bear build market paying process trying
The market is trying to build a base in what is the third-longest bear market in history. It's not going to end in one day when you're not paying attention. This is a process that you have to go through.
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The economy remains in a growth pattern, and normally the market would be responding favorably. But people are worried about inflation, the rise in energy prices and the weak dollar.
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.
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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.
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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.
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I think the market came down over the last few days and is recovering now, and that recovery can probably continue through the end of the week.
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I think the energy prices are going to overhang us for a while, maybe a good long while. It's looking like there's going to be a problem with fuel prices again, and the markets are concerned the consumer is going to be tapped out by the end of the year.
market path resistance
The path of least resistance for this market is up right now.
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.
believe fund managers
I think most fund managers are saying, 'I have to see it to believe it,'