18 Quotes by Robert Stovall

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

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.

Looking at every shock we have sustained since World War I, the trend has been to fall, then rally, and then move on to higher highs.

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

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 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.

When (Cohen) makes a statement it moves markets sometimes. People who have made statements in the past and have been incorrect don't have much impact.

I've created a financial Frankenstein here because I can't get rid of it.

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.