Michael Carty Looking Quotations

I think the energy prices are going to overhang us for a while, maybe a good long while. It's looking like there's going to be a problem with fuel prices again, and the markets are concerned the consumer is going to be tapped out by the end of the year.

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

We know Katrina had a negative impact on earnings, ... They (investors) are looking more forward than backwards on earnings.

We are not looking for any major increases in interest rates.

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 most election years, stocks are up. But when you think about the kinds of policies that are going to be implemented, the market gets a little worried. So, I would say up until the election you will see some very interesting dynamics. If they feel that a demonstration is favorable, drug stocks will get in then and all of a sudden the drug stocks will start looking hot. If the economy seems to be moving along nicely the high-tech new economy-type stocks will continue to do well,

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.