Michael Carty Quotes

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

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Stagflation is in the back of the minds of many investors right now. When they see energy getting quirky, they want to duck. And when they see the market rally, they want to take some chips off the table. - 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

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). - Michael Carty