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
strong technology
Those of us who said technology is immune, that was too strong a statement.
bear bias buying consistent cyclical data economy implies improvement investors lead market sector showing stocks technology towards view
When you see buying in that (technology) sector in a bear market, it implies that there are investors out there who see improvement around the corner, and it's usually technology and cyclical stocks that lead the market out of a downtrend. The bias towards Friday's data may be that the data will be consistent with the view that the economy is showing some expansion.
capital decline divert flows
The decline will divert capital flows away from U.S. investments.
tend
They tend to be like sheep. They are followers. It's called piling on in football, and I think it's the equivalent. It's unprecedented.
almost begin companies earnings explain hire hope money people quarter reasons remember spend truth
Almost every quarter I can remember people have come up with reasons to explain away earnings gains. The truth is that earnings are doing better, and the hope is that, because earnings are improving, companies will begin to hire and spend money on technology.
although bit close confirm economy generally maybe numbers report sector
Although they were close to expectations and maybe a little bit weaker, the numbers confirm that the economy generally is slowing, ... The report also confirms that the manufacturing sector of the economy is contracting.
although election hearing indicate markets prolonged resolved telling
Although the expectations we've been hearing indicate a prolonged decision, the markets are telling us that the election will be resolved quickly.
circling companies target tax traders
A lot of traders will be circling like vultures, to find the companies that are the target of tax selling.
bond deal great market pessimism side stock widespread
There's been a great deal of turmoil, ... There's widespread bond market pessimism and at the other side of the equation, there's too much stock market optimism.
economic fairly market numbers reflecting though week widespread
There's fairly widespread anticipation that the economic numbers this week will be solid, though not great, and I think the market is reflecting that.
adage bull climb markets needless wall worries worry
There's an old adage on Wall Street: bull markets climb a wall of worry. Needless to say, there are a lot of worries out there.
company earnings portfolio question stops
A company like Sunoco, we know their earnings will be better, but how much better? ... As a portfolio manager, that question stops you.
above guarded investors oil price remains volume
As long as the price of oil remains above $65 a barrel, investors are going to be very guarded and volume low.
That's why I think it's a better idea to have your own portfolio,