It's obviously a play on telecommunications, long-distance (and) Internet-related stocks, and it's doing a lot better than some of the Internet stocks that have softened recently.
More Quotes from Robert Robbins:
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.Robert Robbins
There's a 50 percent chance the Fed is finished and (June's job number) puts the odds up a notch,
Robert Robbins
It's just so difficult. I don't have the time to devote to it. You need to do it often to be good at it.
Robert Robbins
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.
Robert Robbins
Home Depot didn't suffer through the higher interest rates in 1990 or all those oil inflation fears and so forth, ... And the company is really a very strong company. Their momentum has accelerated so I think they'll sail right through (a climate of higher interest rates).
Robert Robbins
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,
Robert Robbins
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