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...
coming continue continues determine early earnings economic election higher issues likely mid move news prove reports start stocks strong
This stalling is likely to continue as we get through this period. But in early to mid April, you could start to see stocks move higher as the earnings reports start coming in and they prove to be positive, as the economic news continues to be strong and as the issues that are going to determine the election become more clear.
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.
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.
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.
couple market quarters terribly worst
I think a couple quarters down the road, the worst will be over. This is a terribly oversold market and it is undervalued.
action bounce couple fairly few higher last likely microsoft positive response tomorrow ugly
I think tomorrow should be a fairly positive open, with the techs a little higher on Microsoft and in response to the action over the last few days. We've had a couple of ugly sessions and you're likely to see a little bounce off of that.
expecting forward looking people
People are looking forward to 2006 and expecting to have more difficulties.
defensive few gains movement moving next people run selling sideways year
People are selling into some of the gains from the run this year and moving into the more defensive names. I think you could see more sideways movement for the next few weeks.
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.
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.
basically events held
We are basically being held up by geopolitical events,
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.
commitment election knowing markets problems tend uneasy
Markets tend to be very uneasy during the election year. One of the problems is that no one wanted to make a big commitment without knowing who was going to be at the helm.
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.