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...
enemy fear harder terrorist
It's harder to find the enemy in this kind of war. There's the fear of terrorist counter-attacks.
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Markets are down because of the start of attacks and the fear of counter attacks, which could impact further corporate earnings.
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Home Depot didn't suffer through the higher interest rates in 1990 or all those oil inflation fears and so forth, ... And the company is really a very strong company. Their momentum has accelerated so I think they'll sail right through (a climate of higher interest rates).
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Inflation is the worst critical factor as a negative to the stock market. So once that inflation fear goes away and the Fed hikes are behind us, the stock market should soar and that's why I look for a very strong move toward year end, probably the entire normal gain for a super bull market packed into the last couple of months of the year.
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.
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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.
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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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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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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.
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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,