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...
concerned economic fact mainly somewhat strong
We've been somewhat concerned with transportation companies, trucking, mainly because of the fact that we're not in a very strong economic recovery.
fact hoping maybe might people reason using
They said pretty much what people were expecting. Maybe some people were hoping that they might say something new, and are using the fact that they didn't as a reason to sell.
basically coming factory negatives orders rebuilding seem
There are some negatives out there, but manufacturing and factory orders seem to be coming back and there will be a lot of rebuilding down in the Southeast. I think we've basically been too negative.
factors
It's one of these choppy days, where there are a lot of different factors at play.
began believe continue economy fact federal half interest markets people percentage point rate reserve rising seem turn whatever
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.
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.