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.
More Quotes from Kevin Bannon:
If people sense that there's inflation pressure then they worry that the Fed isn't done. The market cares because the Fed cares.Kevin Bannon
The common them there is both of them have a lot of exposure to natural gas, which will be a big play in energy. They've done pretty well. But I think if you're a patient investor and are looking out a couple of months, you'll do well in them.
Kevin Bannon
I think some of the sectors that have gotten beaten down the hardest probably offer some of the most promise now. The technology sector clearly, some of the health-care names, more the biotech and technology health-care names than the big pharmaceuticals. But what investors really want to own think are companies with very, very strong top-line growth, and there are very few industries that have those. The old leaders will probably be the new leaders again.
Kevin Bannon
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.
Kevin Bannon
I think the economy is stronger than many people have hoped. So that's good news for profits. And the profits were never as bad as I think people may have feared.
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
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