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
check expect held high market oil ordinarily reason rise stock
Ordinarily you would expect the stock market to rise or do better, but it's not, and I think the reason it's not is it's being held in check by high oil prices.
bear bounce market question seen technical
Ordinarily, we would have a technical bounce at this level. But then the question is, have you seen a bear market bottom? I don't know if we have at this point.
bad oracle tone
Oracle set a really bad tone for things.
board days false four investors jump soon starts stock until
Four days ain't enough, ... It's still too soon for investors to jump back on board until you get more confirmation from the stock market. We've had so many false starts before.
dreams edge expected inch market wildest
I expected the market to inch or edge forward. I wouldn't have expected this in my wildest dreams.
buy excited federal government higher interest low prefer rates
Long-term interest rates are low and I'd prefer to buy when rates are higher and more attractive. As a federal government issuer or taxpayer, I'd be excited but, as an investor, I just don't see the appeal.
consumer continue debt higher interest levels rates second spending term third
Long term interest rates are higher now than they were in the second and third quarters, and debt levels are higher too. Yes, consumer spending will continue to expand, but it will be slower.
carries certainly everybody front kindness knew moves page takes weight
I think everybody knew this before, but this kind of takes it from the back page and moves it to the front page, ... He certainly carries a lot of weight in the market.
clients judgment market
I tell my clients to look at the market once a week. It does a lot for your judgment if you take away the day-to-day swings.
becomes borrowing bubble buy driven individual investors largely margin market money prices stock stocks
Usually, when you have a stock market mania, it's driven largely by individual investors borrowing money to buy stocks at prices that are too high. And usually, when a bubble becomes unwound, it's because of margin calls.
Usually when they're cheap, the story is not a pretty story,
reminds
Merck reminds us that this is about earnings.
given giving last market oil performance prices strong today
Today the market is pausing a bit, given the strong performance last week. There is lot of acquisition activity, which is giving the market some lift, particularly because oil prices are stable.
given last market performance strong today
Today the market is pausing a bit, given the strong performance last week.