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.
More Quotes from Michael Carty:
The reaction yesterday was just crazy. I think the market is bouncing back from overreaction.Michael Carty
If a company is so sure that their stock is a bargain that they're willing to buy it back, that's reassuring.
Michael Carty
Today, American Power Conversion Corp., woke us up with a fairly bad report, and I think that's what's been keeping everybody bothered,
Michael Carty
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.
Michael Carty
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,
Michael Carty
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