Hugh Johnson
Hugh Johnson
Hugh Johnson OBEis a British author and expert on wine. He is considered the world's best-selling wine writer. His 1961 tasting of a bottle of 1540 Steinwein from the German vineyard Würzburger Stein is considered to potentially be one of the oldest wines to have ever been tasted...
ProfessionNon-Fiction Author
Date of Birth10 March 1939
extremely good health news ultimately
ultimately extremely good news for the health of the market.
anytime believe bottom fish industry problems reason solved
Would I bottom fish in these industry groups? Emphatically no, ... I see no reason to believe these problems will be solved anytime soon.
bull imply investment irrational lunacy market policy rational stock stocks touch
When you say the stock market is overvalued, you imply that the stock market is going down. But there is a touch of lunacy in every bull market -- stocks can become even more overvalued. A rational investment policy in an irrational world is suicide.
risks
There are big risks when you get leveraged,
continues economy fourth labor markets ongoing pressure quarter time
It confirms that as we started the fourth quarter the economy continues to slow, ... At the same time that the economy is slowing, there is ongoing tightness in the labor markets and ongoing upward pressure on wages.
chinese economy markets send slow worry
It injects some uncertainty. The worry is the Chinese economy will slow too much, and that will send markets down worldwide.
again excuse following interest knowing last likely march meeting profit raised rates strong taking walked week
It is a down week after some predictable profit taking following a strong January. But the excuse for that profit taking was the Fed. We walked away from last Tuesday's meeting in which they raised interest rates, knowing that they will likely raise rates again at their March meeting.
inevitable market skepticism
I think the market has managed the inevitable profit-taking very well, but there's still a lot of skepticism out there,
activity certainly hangover
I think the M&A activity is certainly the headline, with Oracle-PeopleSoft and a hangover of Sprint-Nextel,
becoming building confidence currently earnings investor investors leading looking optimistic profit profits recession slowly
We are gradually, slowly building investor confidence that the profit recession will end, ... What's leading to the bullishness is not anything you are currently looking at. Earnings are dismal, but investors are becoming more optimistic that the profits recession will end.
caution continue driven employment market
Tomorrow, the market will probably continue upward driven by the dollar, but it won't go up much because of caution before the employment figures.
begin earnings question recovery strong
The question is when will the earnings recovery begin and how strong will it be.
ahead asked investors president question statements steps
The question I get asked a lot is what's it going to take to get investors back in the game. One is leadership, for the President to take some steps and make some statements that show he's ahead of the curve.
dig start time
Time to dig in and start to go.