Although people are somewhat concerned about where the economy is going, some rational exuberance is finally entering the market. Investors have been so pessimistic for so long that it seemed to be endemic, but people are beginning to believe there's an end in sight to all of this (bad news).
More Quotes from Michael Carty:
Technology has been under a bit of a cloud and there's still concerns about the telecom industry, ... I think investors are still very wary of it. They want to see more robust capital expenditure.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.
Michael Carty
This comeback is a very positive sign for the market. When the market is in a bull market phase, investors will start to ignore the bad news.
Michael Carty
The earnings reports and outlooks have been fairly positive, but I think trade has been kind of muddled recently, with the market wanting to give itself room to breathe after the big run it's had.
Michael Carty
Tech has been so weak for so long that no one wanted to touch it. But people are looking at it again. Although the tech picture looked bleak for the last three years, people are seeing that there are going to be survivors, the leaders in the sectors.
Michael Carty
Sentiment, generally, is the big problem now. Even as market fundamentals are starting to improve, people are reluctant to buy,
Michael Carty
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