Sentiment, generally, is the big problem now. Even as market fundamentals are starting to improve, people are reluctant to buy,
More Quotes from Michael Carty:
We are not looking for any major increases in interest rates.Michael Carty
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.
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
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.
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
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.
Michael Carty
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Ronnie James Dio
Instead of sailing off into the sunset, he hopes to sail into the next century.
Dave Anderson
Men are born to succeed, not to fail.
Henry David Thoreau