We're in this confessional period where there's nothing but bad news coming into the market place now and investors have become really cynical.
More Quotes from Michael Carty:
There's just no obligation to jump in until we start seeing better (profit) reports and that won't be until July.Michael Carty
If a company is so sure that their stock is a bargain that they're willing to buy it back, that's reassuring.
Michael Carty
Investor psychology is switching from fear to a little bit of greed. What you see is psychology working here today.
Michael Carty
In general, the news continues to be mostly good, but people are now waiting to see what the next rotation will be in stocks, or what the next catalyst will be to move the market higher.
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
It's a great performer in terms of earnings ability,
Michael Carty
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