Michael Carty Quotes

You've got two things: a horrible retail environment ... and oil prices are up to $32 a barrel. When energy prices rise they pervade all aspects of the economy and costs go up. ... The big thing overhanging the market is what we are going to do with Iraq. - Michael Carty

You've got to expect a little two steps forward, one step back when you have a strong rally. Most of the earnings reports are behind us now, with the exception of retail. We're going to need more comments like the ones from Dell ( DELL : down $0.72 to $27.23, Research , Estimates ) [Computer] last week -- telling us that things are going to be better -- before investors are going to be willing to believe that a rally is here to stay. - Michael Carty

Yesterday (Monday) was a technical rally. There's still a lot of uncertainty about a potential recession and about what's going to happen on the diplomatic front. - Michael Carty

With the Iraq situation resolved, I believe the market is likely to take off. I think you'll see volume pick up dramatically as soon as the Iraq situation clears up. - Michael Carty

What (Fed Chairman Alan Greenspan) says is going to be very important because people like to read between the lines. - Michael Carty

We've been somewhat concerned with transportation companies, trucking, mainly because of the fact that we're not in a very strong economic recovery. - Michael Carty

We're seeing some jitters about the Middle East as it relates to our presidential election. But I think the trend should remain up. Earnings are certainly strong, and I think the market should follow that. The only thing we have to fear is more talk about interest rates. - Michael Carty

We're seeing a little turnaround, after so much negative news. It's also the end of the quarter, so portfolio managers need to do a little window dressing. - Michael Carty

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. - Michael Carty

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. - Michael Carty

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