I think, it's going to be very, very hard to get people seriously interested in energy stocks, although you never can say never on Wall Street, ... We would prefer to own some of the drillers, because with oil prices at the this level, it's going to encourage anybody, any country anywhere who might have some oil to look for it. And that will be good for the drillers. We would rather own those than the oil companies themselves.
More Quotes from Kevin Bannon:
I think financials will be a very, very strong sector, ... You have a tremendous increase in demand out there as the savings rate has to pick up as the baby boomers start confronting retirement.Kevin Bannon
Everyone knows the Fed will raise rates 50 basis points when it's at one time or two time. I think what you want is a Fed that's on the job and this Fed is clearly on the job and I would say they're neither ahead nor behind right now.
Kevin Bannon
Is there any reason to really believe we're going to be in a severe recession, or have a terrible inflation problem I'd say the answer is no. On that basis, the stock market still looks like a pretty interesting place.
Kevin Bannon
Retailing is probably a good idea, as well as companies like United Parcel that does tie into better consumer spending, better improving economic activity. I think you definitely want to be pro-cyclical. This is not the time to get defensive.
Kevin Bannon
When things go wrong, people just want action and this is action in the form of a deadline, ... It does remind people that not every corporate executive is not being less than forthright with their statements.
Kevin Bannon
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