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
names stay technology
You really want to stay with the large-cap (stocks), ... the big names in technology.
caps last looking noticing small weeks
They are going to be looking back on the last two weeks and noticing the small caps have come back to life.
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This market is trying to rally. If the Fed reduces interest rates by 50 basis points, it will touch off a rally, but if we get a rally it will be guarded.
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AOL is one of the big three in Internet shares,
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The most important thing is that the stock market had declined to levels that were arguably undervalued, and that many aggressive managers also realized there was a great deal of pessimism.
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Something has got to give, ... Crude prices will have to come down or there will have to be some assurance on interest rates before the market will be energized.
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Speaking of financial markets as a whole --stocks, bonds and the dollar -- 'volatile' is not strong enough a word to describe them.
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After seeing these reports, it's likely the Fed will...raise rates at the measured pace the market is used to.
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This is a market that's become very, very defensive, ... One thing I noticed is a move back to the defensive side.
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This has been a very powerful earnings season and that's what's been driving the market.
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I think you can spread yourself among many sectors,
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I think we're going to edge our way higher but I don't think it's going to be a barn burning.
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I think we've seen technology take a tumble a number of times and come right back. Most professional money managers look at a technology slump as a buying opportunity.
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I think what the half-point cut showed was that the Fed for the first time appears to be taking the situation very seriously. I think investors are also still mulling the move and thinking what is it the Fed knows that they don't know. Could it be worries about a double-dip and deflation? It's this uncertainty, among other factors, that's the reason why we're down today.