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...
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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 bonds are appropriate for anybody that is close to retirement or is already retired and feels like they need that security and that defensiveness, ... appropriate diversification for a lot of people. But for people who are young and who can put money away for a long time, they really ought to be overwhelmingly in stocks.
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I would simply urge people to not get too distracted by the very, very short term. We all like to talk about the latest development and how it might change everything. But keep your eyes focused on the super bull. And the way that we could get derailed there just doesn't look likely at all. A monetary policy that throws in the towel in fighting inflation, that's far from the case. The Fed's been preemptive in trying to solve this inflation problem,
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The finance sector has really emerged as my favorite here, edging out technology by a bit. I recommend that people have about a quarter of their stock holdings in finance.
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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.
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The Fed rarely surprises the markets, and the consensus of private economists is clearly that the Fed will not do much. We really had slowing data on the economy and slowing inflation pressure. And I'm hopeful that this is close to the end of the Fed rate hikes,
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It's in a very strong subgroup and a strong fundamental story. Semiconductors, in general have been stronger here recently.
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It's in a very strong subgroup and a strong fundamental story, ... Semiconductors, in general have been stronger here recently.
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It's an appropriate example of the new corporate governance since the stock has languished for so long.
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It's harder to find the enemy in this kind of war. There's the fear of terrorist counter-attacks.
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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.
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Oil prices have rallied very significantly. Smith International would be a very leveraged and diversified oil service company to play there.
company oil prices service smith
Oil prices have rallied very significantly, ... Smith International would be a very leveraged and diversified oil service company to play there.
favorite months
Technology's my favorite sector, as it has been for many months and many quarters.