Michael Carty People Quotations

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,

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.

People are looking forward to 2006 and expecting to have more difficulties.

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.

I think people are going to ignore the jobs report for the most part. What else can you do given the circumstances?.

There are some rumors that although the market is open, a lot of people have decided to take long holidays, and so I think you'll see a drop in volume next week.

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

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).

They said pretty much what people were expecting. Maybe some people were hoping that they might say something new, and are using the fact that they didn't as a reason to sell.

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.

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.

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.

The markets seem to be rising as a consequence of the fact that the Federal Reserve had decreased the interest rate by half a percentage point and the fact that people began to believe the Fed was going to do whatever it can do to continue to see the economy turn around.