Investors have a long memory -- in those cases where we've had major oil shocks, overall demand has dried up, ... People are looking towards and fearing a slow-growth, inflationary environment -- stagflation.
More Quotes from 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
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
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
The oil prices are creating a few problems. Prices are impacting the PPI report and also consumer prices and are also hurting our trade balance, what with the weaker dollar, because we have to pay more to import oil. However, there aren't a lot of inflationary pressures here beyond that.
Michael Carty
In addition, Microsoft is the 800 pound gorilla, ... so people are going to want to listen to them.
Michael Carty
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Based on Topics: People QuotesBased on Keywords: slow-growth, stagflation
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I felt like I was making a record under the radar, and that is my favorite way to do anything.
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