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
headed signal toward
That was a signal that we were headed toward distress.
inclined negative positive since situation year
That's the situation today, ... Since that's the case, I'd be more inclined to think this will be a negative year than a positive year.
reminds
Merck reminds us that this is about earnings.
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.
watching
We're all watching the same stuff. Like sheep.
depending earnings internet spur stir stocks watched
We have such speculation in Internet stocks already that it's earnings will be keenly watched and could stir up more speculation or spur a decline, depending on their results.
asia events good hold impact major market message overall southeast time
It is encouraging that the market has been able to hold together. The overall message is that the events in Southeast Asia will in time have an impact on the U.S. economy, but not a major impact in 1998. And that is really good news.
banking japanese parliament watch
We need to watch the Japanese parliament and see if they do anything about their banking crisis.
ignore market stock
The one thing you don't want to ignore is the stock market itself,
left problem time
The problem is there are exceptions. You're still left with the question: Is this the time when it won't work?
quite
Those are some 'old economy' picks. But a lot of those companies, quite frankly, look very 'new economy' to me, lately.
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,