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...
amount cash corporate cost energy facing higher iraq love market prices rebuilding record sidelines sitting six wanting weeks worries
I love it. This is a market you've got to buy. You have a record amount of cash sitting on the sidelines wanting to go to work. A lot of the uncertainty facing the market even just six weeks ago has been resolved, such as worries about the cost of rebuilding Iraq and higher energy prices and corporate profits.
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,
couple earnings held last recorded strong trading
It's recorded strong earnings over and over for the last couple of years. We've held it for the last couple years and made out very well. And it's trading at pretty much its high,
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.
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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.