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...
certainly earnings east fear follow interest market middle relates remain seeing talk trend
We're seeing some jitters about the Middle East as it relates to our presidential election. But I think the trend should remain up. Earnings are certainly strong, and I think the market should follow that. The only thing we have to fear is more talk about interest rates.
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.
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.
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.
cases demand dried environment fearing investors looking major memory oil overall people towards
Investors have a long memory -- in those cases where we've had major oil shocks, overall demand has dried up, ... People are looking towards and fearing a slow-growth, inflationary environment -- stagflation.
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.
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.
concerns general investors trend until
These concerns are going to keep us from going too high. The general trend is up, but it won't make investors euphoric, at least until after the election.
oil prices
The oil prices are really a bugaboo on the market.
earnings economic momentum seems
There seems to be a lot of economic momentum and earnings momentum fueling this market.
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.
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,
bargain buy company stock sure willing
If a company is so sure that their stock is a bargain that they're willing to buy it back, that's reassuring.
earnings focus inflation starting turn worries
Because inflation is modest, and worries about that are starting to diminish, I think the focus will turn to earnings, and the earnings are going to be very strong.