Robert Robbins
Robert Robbins
Robert D. "Bob" Robbins is a Republican member of the Pennsylvania State Senate, representing the 50th District since 1990. He previously served as a member of the Pennsylvania House of Representatives for the 17th District from 1983 to 1990...
average caution defensive emphasize essential experience leaders less products stocks stronger tend
Because of the caution that I see right now, I would emphasize some of the more defensive stocks that are the bigger, stronger leaders in their areas; essential products and services; these tend to experience less than average volatility.
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Yes, I think it's going to be a fantastic buy. I think we're going to pack the whole year's Super Bowl rate-of-gain, which tend to average 16 percent during the last 18 years, compound annual growth of the S&P 500, 16 percent a year. We've had zero so far and the outlook is improving very, very significantly for the worst worry that people have had. And that is the Fed rate-hiking. It really looks like the probability is increasing dramatically that the Fed rate hikes are over and inflation pressure is in check. And as that continues to happen through year-end, we can get a fantastic rally, 15 to 20 percent on the S&P 500 in three months.
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I think investors should strongly invested, ... They should realize that doom and gloom and all of this talk of recession is typical of major market lows. I think they should realize that the average decline within these long-term 'super bull' markets is 19 percent. And we've been down 27-to-28 percent. It's a great time to buy.
couple next run
It was a little overbought. It's pausing . . . it's probably going to make another run at 10,000 in the next couple of days.
couple next run
It was a little overbought, ... It's pausing . . . it's probably going to make another run at 10,000 in the next couple of days.
favorite months
Technology's my favorite sector, as it has been for many months and many quarters.
decline huge minimize run surprising technology
Technology had run up so much that it's not surprising some of these would come off pretty hard. You can't minimize the possibility that technology has had a great, huge run and there will be a decline for a while.
change expect half minor summer time towards
I'm still super-bullish. I think the market's in a summer rally, about half along, towards all time highs. I expect minor all-time highs. No change in that view.
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Some analysts thought the company was off-track in terms of the long-term growth path and so I am not shocked in that respect. It's an appropriate example of the new corporate governance since the stock has languished for so long.
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It's normal as the market rallies so strongly that we start seeing a correction and start looking for maybe even a 7 to 10 percent correction ultimately. But I don't think we're vulnerable to that right now.
internet obviously stocks
It's obviously a play on telecommunications, long-distance (and) Internet-related stocks, and it's doing a lot better than some of the Internet stocks that have softened recently.
against airlines fare few held high last oil prices problems
It's held up well against the difficulties of some of the other airlines with some of the fare congestion and the problems with oil prices having been high over the last few months,
devote good time
It's just so difficult. I don't have the time to devote to it. You need to do it often to be good at it.
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It will just be a natural edge for some of the more sophisticated and capable investors to do that, ... I think it's also fighting the competition a little, too. There have been a lot of upstarts that have grown very rapidly and the big firms are going to want to participate in that, too.