Bob Dickey Quotations

My days as a runner are supposed to end with the new hip, but I run so slow that there?s not much jarring. I plan to keep going.

The correction isn't over, although the worst part of it is probably behind us now.

The market has been in a rotational uptrend for the past three years, which is confusing, as not all stocks are moving in the same direction at the same time.

Although we are on track with our expected results for personal auto and small commercial, our expected combined ratios for large commercial and homeowners will be higher than we anticipated at the beginning of the quarter.

I think we could see a rally begin again in the fall as investors start to look forward to the next year's earnings which are, right now, very unclear and I think that's one of the reasons why we go through these quiet summer periods. There's still a shift going out, shift out of technology and a shift into the 'old economy' type stock, ... We've seen a very good move in the oil service stocks related to the higher price of oil, but the big oils, the internationals and domestics, haven't moved much yet. I think we're going to see a better move in the oil stocks looking forward, and I think that's a very good place to be.

I think we're seeing already the start of a relief rally. Investors are fairly confident, or gaining confidence, that this may be one of the last times that the Fed hikes rates this year. Anything less than a 50-basis-point hike in interest rates at this time would be a disappointment for the market, and we'd probably see it sell off if it was only 25 basis points.

We've seen some evidence of a slowing economy, which is a good thing but we need more evidence to call it a trend,

Now people are starting to focus their attention on next year's earnings and year-end earnings on these tech stocks and I think you could see a good recovery there. Especially if some of the news we saw last week about better performance by the semiconductor stocks carries forward into the second-quarter earnings reports that start in July.

Right now, the best thing to do is to buy stocks that are good values,

We had retail sales numbers which were a little on the weak side. The CPI which was very good this week, and yet the market has not been able to react for more than about 20 minutes. And so maybe we're looking for something bigger, maybe something to do with the presidential election coming up might be enough to drive the market through these areas.