Robert Stovall Quotes (10 Quotes)

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.

We're a long way from the bottom and I think hope springs eternal for equities.

The institutional investors tend to play follow the leader. And right now they're all marching behind the big generals, like Boeing, Exxon, Merck ... and so forth. And the ordinary soldiers are way in the rear ranks, dragging along.

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.

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.

(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.

We are coming up to the political conventions, and the Republicans, I'm sure, will bring up the semi or partial privatization of Social Security. And if that comes to pass, even in concept, long before it actually happens, it is going to focus on companies that would benefit from this money managers, bank custodians, all sorts of the major financial companies.

We need earnings to begin to improve.

The tech sector is where the money seems to want to flow. You can just look at last week's action, when all the averages were up, the money flows into technology, primarily in telecommunications. And even though the valuations have been high all of these quarters and still are, I guess if you want to do well in the market you've got to have some of your assets in technology, definitely.

When I was a rookie, the NYSE was somewhat of a white shoe club.