Robert Stovall
Robert Stovall
incorrect markets moves past people statement statements
When (Cohen) makes a statement it moves markets sometimes. People who have made statements in the past and have been incorrect don't have much impact.
bottom eternal hope springs
We're a long way from the bottom and I think hope springs eternal for equities.
higher looking move shock since sustained trend war
Looking at every shock we have sustained since World War I, the trend has been to fall, then rally, and then move on to higher highs.
bank benefit bring coming companies financial focus major money partial political social sorts
We are coming up to the political conventions, and the Republicans, I'm sure, will bring up the semi or partial privatization of Social Security. And if that comes to pass, even in concept, long before it actually happens, it is going to focus on companies that would benefit from this: money managers, bank custodians, all sorts of the major financial companies.
bond built largely prices problems raise stock sure worse worst
We're not sure what the Fed's going to do. And if they do their worst and raise rates, I think it's largely built into the bond and stock prices right now. So, I think the worse of the near-term problems are just about accomplished.
created financial rid
I've created a financial Frankenstein here because I can't get rid of it.
assets averages flows guess high last market money primarily quarters sector seems tech though
The tech sector is where the money seems to want to flow. You can just look at last week's action, when all the averages were up, the money flows into technology, primarily in telecommunications. And even though the valuations have been high all of these quarters and still are, I guess if you want to do well in the market you've got to have some of your assets in technology, definitely.
coke
Coke is down substantially, but I think that is all right.
shoe somewhat white
When I was a rookie, the NYSE was somewhat of a white shoe club.
drifting enthusiasm hard stimulate
It's very hard to stimulate enthusiasm. We keep drifting downward.
audit businesses decided focus irs resources small
The IRS has decided to focus most of its audit resources on small businesses and the self-employed.
enthusiasm eventually investors tells turn
It tells us the enthusiasm of investors will eventually turn this around.
energy fuel high position price stay throughout
The fuel price will stay stubbornly high throughout 2006. I don't see how you can not position yourself in diversified energy companies.
acted beginning cut early fed kick month opportunity several shots themselves year
(The cut is) the beginning of several shots in the arm. I think the Fed acted early in the new year so to give themselves the opportunity in the end of the month to cut again, if things don't kick in as they like.