This comeback is a very positive sign for the market. When the market is in a bull market phase, investors will start to ignore the bad news.
More Quotes from 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
They make all sorts of devices for reconstructing your skeletal framework and they have a number of different businesses. This is a company that's expected to grow somewhere in the neighborhood of 15 percent a year and they're going to be up about 20 percent in earnings this year, ... Its got a price-to-earnings multiple a little bit better than market but it's got a better earnings growth rate, which justifies it.
Michael Carty
These companies wouldn't be making these deals if they didn't have cash and if they didn't see strong economic growth ahead, so the deals are positive for sentiment.
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
Technology has been under a bit of a cloud and there's still concerns about the telecom industry, ... I think investors are still very wary of it. They want to see more robust capital expenditure.
Michael Carty
We are not looking for any major increases in interest rates.
Michael Carty
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