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
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Oracle set a really bad tone for things.
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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.
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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.
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Clearly the Federal Reserve is getting what it wanted with six interest rate increases.
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By the way, you wouldn't edit this paper, would you? I've sold it, and I'm looking for an editor. And I think you might be the guy.
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Shell Oil has made an offer to Barrett, ... I think they're going to have to make a higher offer to buy the company.
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That's a growth stock that is trading at an unusually high price-earnings ratio compared to growth, ... It's being priced as a rather racy e-commerce company. They've done a really good job (of adapting to the Internet) -- that company thinks great, they have a great culture.
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Their (Exxon's) profits were very strong, and December personal income was higher than forecast.
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The ISM report was good news in two ways. There's a big difference between contraction and a slowdown; and the number still showed expansion.
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Investors become very guarded at the point that they think oil prices could take a chunk out of economic growth,
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Individuals are buying stock with the idea that it will become even more overvalued. That's a sign of speculation.
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I like the large-cap technology names. Over a three- to five-year period they are going to be real winners.
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If there are lots of other signals of appending recession, take it seriously. But don't hang your hat on the yield curve.
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If there's no bounce, it's investors saying that the market has not reached a level that accurately reflects what's ahead for the economy and earnings.