John Carey Quotations

We have to get these interest rate increases behind us and the Fed did hold off this last time, but I think there's still a possibility of another rate increase later in the year. And that's weighing on investor's minds. Earnings have slowed down a little bit. The interest rate increases to date have had an effect and we're seeing some earnings disappointments at some companies and that has investors concerned. But on the other hand, we have the mergers and acquisitions that tend to buoy up the prices in whatever sectors affected from one day to the next and that will keep investors interested in stocks certainly.

There is almost a state of euphoria for the group. We don't have a strong current interest in the group at this time. With highly cyclical stocks, they can crest ahead of earnings.

I would focus on very high-quality companies in this environment. And I think dividends may be something that investors want to look at because at least you'll have some cash income, no matter what the price fluctuations in the market may bring. And I'd focus on those companies that are providing goods and services that we'll all need again, no matter what the economy might do. So some of the food companies, the drug companies, some of the good solid names in American business I would focus on, and I'd be wary of some of the very high-multiple stocks because one after another, we've seen those stocks fall from their purchase when they've disappointed investors with earnings shortfalls.

I think the focus will shift toward corporate profits. Whether they (the Fed) raise rates a quarter point or not, I think it's not going to be the main focus of investors' attention. People are going to be watching the earnings pretty closely .

That was a time when they weren't really sure if things were going to come together, ... And they sure did!

You don't always have to be buying something new,

We don't object, but we don't promote either.

There is still some overvaluation in the tech sector.

Earnings aren't very interesting right now and probably won't be for the next couple of quarters.

Some things just didn't make it through the whole process. Thirty days is a short period of time.

A blank helpless sort of face, rather like a rose just before you drench it with D.D.T.

I guess everyone is looking for the first signs of economic recovery this (Thursday) morning. It's kind of like looking for the first crocuses in spring.

I never hoped that the market will go down. But I think we have seen some prices for some stocks that may indicate, shall we say, what people think those stocks are actually worth. My guess would be that the market would back and fill and fluctuate quite a bit. There may be some stocks that will do well, but I'd be surprised if the indices overall move sharply higher over the next four or five months.

He's running an antiquated offense there. But it's a good one. It's been used forever and his kids play it great.