The company delivers essential products and services, ... And this is one that should benefit from the new Medicare legislation that is being proposed. You're going to see another 15 or 20 billion spent on drugs and CVS, of course, as a drug store chain, would benefit significantly from that.
More Quotes from Robert Robbins:
It will just be a natural edge for some of the more sophisticated and capable investors to do that, ... I think it's also fighting the competition a little, too. There have been a lot of upstarts that have grown very rapidly and the big firms are going to want to participate in that, too.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
I think with technology we had a two-year run that was fantastic and the Internet is off the front burner. It really is in trouble. You look at the top three market caps -- AOL, Yahoo, and Amazon, the technical trends are very mediocre to negative. And that's true of most of the others as well in the Internet area. So I wouldn't be so hot on tech especially at this time of the year when risk taking is really not a good idea. This is the worst seasonal period of the year going into late September and October. Now we may have one more little move up to the summer rally highs, but I wouldn't be chasing it,
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
Oil prices have rallied very significantly, ... Smith International would be a very leveraged and diversified oil service company to play there.
Robert Robbins
Despite recent volatility and concerns about overvaluation, market players continued to insist that Wall Street is strong. It's normal as the market rallies so strongly that we start seeing a correction and start looking for maybe even a 7 to 10 percent correction ultimately, ... But I don't think we're vulnerable to that right now.
Robert Robbins
Readers Who Like This Quotation Also Like:
Based on Topics: Drugs QuotesBased on Keywords: cvs
It was a mystery to me, how the tuning was, or the style seemed to come out of nowhere, it obviously had roots in America going way back, there was nothing like it for me I'd ever seen before.
Eric Clapton
A concept is stronger than a fact.
Charlotte Perkins Gilman
If I knew what I was so anxious about, I wouldn't be so anxious.
Mignon McLaughlin