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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These numbers were highly impacted if not distorted by Hurricane Katrina.
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If you get that configuration, particularly liquidity conditions, usually you can bet pretty heavily that this is going to be a bull market.
buying
If you're not a day trader, I would say don't do a thing. If you're buying for the long term, you'll be just fine.
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If you're going to bet on economists and strategists on one hand, and the markets on the other, take the markets every time.
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I don't think it changes anything for Federal Reserve policy. Various early warning signs of inflation are still telling us they have to raise interest rates by 50 basis points and they are likely to do so when they meet next week.
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If I thought Cisco was going to grow 40 percent for one year, I would never pay two-plus the growth rate. But if I thought it was going to be a five-year deal, I would.
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I don't worry about volatility. I worry about down .
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The consumer price index rise was very modest. It suggests, that inflation is in the process of moderating.
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The consumer price index rise was very modest. It suggests, as I think many of us have been forecasting, that inflation is in the process of moderating. The good news is investors can feel somewhat more comfortable about monetary policy.
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The consumer price index rise was very modest.
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I'm not going to ignore the deterioration in a stock.
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I'm not betting anybody's money on the Super Bowl, including my own.
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If you separate out all the sectors of the market, it's no longer the case that technology is the most overvalued sector of the market, health care and energy actually carry higher valuations than technology now. So we are starting to get the levels overall in technology that really make some sense. And interestingly enough, if you take it even further, if you go to the individual stocks, stocks like Sun, Cisco, Texas Instruments, Oracle -- great names, they're starting to get to levels which, again, don't call them cheap, but call them cheaper and interesting,
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If you're an aggressive investor and can't sleep at night, then you should defend your portfolio by raising some cash and shifting into more defensive stocks,