Earnings continue to remain strong, even for the technology companies, so I think, with the Federal Reserve saying we're afraid of a recession more than inflation, you're seeing bargain hunters coming in.
More Quotes from Michael Carty:
The market is focused on the potential for Congress to help with a stimulus package and on the news out of Afghanistan. The release of the aid workers was certainly seen as a good sign.Michael Carty
In most election years, stocks are up. But when you think about the kinds of policies that are going to be implemented, the market gets a little worried. So, I would say up until the election you will see some very interesting dynamics. If they feel that a demonstration is favorable, drug stocks will get in then and all of a sudden the drug stocks will start looking hot. If the economy seems to be moving along nicely the high-tech new economy-type stocks will continue to do well,
Michael Carty
I think the markets are basically making time as a result of the Iraq situation. The negatives are being played up, and the positive things not absorbed. With a modest resolution to some of these things we might see a market rally.
Michael Carty
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.
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
The path of least resistance for this market is up right now.
Michael Carty
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Based on Topics: Computers & Technology QuotesAsking is the beginning of receiving. Make sure you don't go to the ocean with a teaspoon. At least take a bucket so the kids won't laugh at you.
Jim Rohn
I'm an anti-industrial kind of guy.
Robert M. Parker, Jr.
I'm William Wallace, and the rest of you will be spared. Go back to England and tell them... Scotland is free!
William Wallace