Markets tend to be very uneasy during the election year. One of the problems is that no one wanted to make a big commitment without knowing who was going to be at the helm.
More Quotes from Michael Carty:
This stalling is likely to continue as we get through this period. But in early to mid April, you could start to see stocks move higher as the earnings reports start coming in and they prove to be positive, as the economic news continues to be strong and as the issues that are going to determine the election become more clear.Michael Carty
First off, Microsoft does have a good product mix, ... It has a five-year earnings growth rate, which is somewhere around 15 percent because it is a giant after all.
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
This has been the strongest quarter in three or four years, and so you'd expect investors to want to take some profits as the quarter is winding down.
Michael Carty
The challenge for stocks next week is going to be getting through more Iraq news.
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
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