People are selling into some of the gains from the run this year and moving into the more defensive names. I think you could see more sideways movement for the next few weeks.
More Quotes from Michael Carty:
No one wants to concede right away because of what happened before, but I think it (the market) is going to charge ahead like this is a clear Bush win.Michael Carty
It's a great performer in terms of earnings ability,
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
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
We are not looking for any major increases in interest rates.
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
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