Robert Philips Quotes

Long term, I think the markets are higher. ... I think on a very short basis, we're due for a pullback of sorts. The government is doing all it can to stimulate the economy, but pricing power is a concern longer term. - Robert Philips

It's been a difficult week or two for the stock market. It seems like as soon as we get past one thing, we have another. Overall, it seems the confluence of negative news is making people jittery. - Robert Philips

It'll give some clarity about interest rates, whether the market can break out of this range, and will give us some indications about the presidential election. The better the jobs number, the better for Bush's re-election campaign, and for some on Wall Street, that's preferable, because they know what his policies are, and someone else coming in is more of an unknown. - Robert Philips

I think we're a bit overbought right now and we may need to consolidate. But maybe if the Fed statement implies a pause is coming soon, we could move up a bit. - Robert Philips

I think the oil concerns have gotten overdone... but the situation in Iraq is a different story, though, as is a potential attack. - Robert Philips

I think the Nasdaq probably bottomed Monday, and we're in the process overall of making a very meaningful bottom. The next couple of days will likely continue to be volatile, but I think we'll bounce off that bottom after that. - Robert Philips

I think the longshoremen development [at West Coast ports] is pretty important, because if left alone, it would be a tremendous drag on the U.S. economy. - Robert Philips

I think it's unlikely that it's the retail investor causing this kind of action. You can pretty much bet it's program traders. - Robert Philips

I just think this is a brief hiatus in what will be a good finish to the month and the quarter. - Robert Philips

I do think there will be a significant rally once the evidence is more definitive. A conclusive end to war will fix the problems we are having today. A positive end to war stimulates a stock market rally, which stimulates consumer and corporate spending. I think it's the stock market that comes first -- it's always been that way. - Robert Philips

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