Michael Carty Quotes on People (11 Quotes)

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.

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.

Although people are somewhat concerned about where the economy is going, some rational exuberance is finally entering the market. Investors have been so pessimistic for so long that it seemed to be endemic, but people are beginning to believe there's an end in sight to all of this (bad news).

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.

Some bears had implied that rates will rise by 50 basis points tomorrow, and some people were a bit worried about that.

Sentiment, generally, is the big problem now. Even as market fundamentals are starting to improve, people are reluctant to buy,

The economy remains in a growth pattern, and normally the market would be responding favorably. But people are worried about inflation, the rise in energy prices and the weak dollar.

In addition, Microsoft is the 800 pound gorilla, ... so people are going to want to listen to them.

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.

We might find some people selling off the big winners, ... because they might want to take some capital gains against the capital losses they've taken in recent years.

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.