Investors still have a lot of rebuilding of confidence before they jump back in with both feet. They're (investors) not in a rush to get in -- they've already tried all the buying on dips they intended to do and they want to make sure this is the last dip.
More Quotes from Michael Carty:
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.Michael Carty
I don't think that anyone is immune to interest rates. Although the Justice Department said it wanted to divide (Microsoft) into two parts, the judge seemed to be disinclined to do that. However, if the Justice Department does decide to do that, we're going to have a difficult time in the near-term.
Michael Carty
They go into enterprise technology where they allow companies to access all kinds of systems in a secure mode. The company continually introduces products, ... We just jumped in, even at these levels, just about a week ago. We'll continue to buy this stock for many of our accounts. Our analysts are very high on it. We expect it to outperform the market over the next six-to-12 months.
Michael Carty
The reaction yesterday was just crazy. I think the market is bouncing back from overreaction.
Michael Carty
The weakness today doesn't concern me, ... There's a little profit taking after the five up sessions and there's some jitters over the dollar's decline, but I think it's pretty clear that the earnings are going to be quite good.
Michael Carty
These concerns are going to keep us from going too high. The general trend is up, but it won't make investors euphoric, at least until after the election.
Michael Carty
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Based on Topics: Confidence QuotesThe art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
Henry Hazlitt
If even dying is to be made a social function, then, grant me the favor of sneaking out on tiptoe without disturbing the party.
Dag Hammarskjold
I swam my brains out.
Mark Spitz