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Letter "M" » Michael Carty Quotes
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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.»
Author: Michael Carty
«There are some rumors that although the market is open, a lot of people have decided to take long holidays, and so I think you'll see a drop in volume next week.»
Author: Michael Carty
«These companies wouldn't be making these deals if they didn't have cash and if they didn't see strong economic growth ahead, so the deals are positive for sentiment.»
Author: Michael Carty
«The path of least resistance for this market is up right now.»
Author: Michael Carty
«We might find some people selling off the big winners, ... because they might want to take some capital gains against the capital losses they've taken in recent years.»
Author: Michael Carty
«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.»
Author: Michael Carty
«No one wants to concede right away because of what happened before, but I think it (the market) is going to charge ahead like this is a clear Bush win.»
Author: Michael Carty
«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.»
Author: Michael Carty
«Some bears had implied that rates will rise by 50 basis points tomorrow, and some people were a bit worried about that.»
Author: Michael Carty
«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.»
Author: Michael Carty
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