(The cut is) the beginning of several shots in the arm. I think the Fed acted early in the new year so to give themselves the opportunity in the end of the month to cut again, if things don't kick in as they like.
More Quotes from Robert Stovall:
It's got a enormous room for improvement, I think, and rationalization. Just look where the stock was before they announced the merger about a year ago. And then I think there is -- there is a great hope there.Robert Stovall
I think the Fed will raise rates again on October 5 and make some more jawboning attempts. It could be the last one for the year.
Robert Stovall
We're a long way from the bottom and I think hope springs eternal for equities.
Robert Stovall
When I was a rookie, the NYSE was somewhat of a white shoe club.
Robert Stovall
We're not sure what the Fed's going to do. And if they do their worst and raise rates, I think it's largely built into the bond and stock prices right now. So, I think the worse of the near-term problems are just about accomplished.
Robert Stovall
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