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
decline groups markets oil pushing software three
Hardware, software and semiconductors are the three top-performing groups right now, and there has been a decline in oil prices. These things are pushing the markets up.
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.
adjustment declining earnings entirely four great heading inflation interest rates sea stocks
You know, we had four great years because we had declining inflation and interest rates. There's been a sea change. We now have inflation and interest rates actually heading higher. That makes things entirely different - you can't get away with high-priced earnings or overvalued stocks and so we're going through this adjustment to a new reality.
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.
major ready
I don' think we are ready for a major move,
interest obviously situation turns
Obviously the situation turns very heavily on interest rates,
hear obviously rally tend
Obviously it's very bone-chilling when you hear his words. Announcements like this tend to stall us momentarily, but they don't derail the rally or recovery.
debt impression internet last margin stocks support until
never got the impression that margin debt was part of the support for Internet stocks until the last two months.
best knows market nobody
Nobody knows where the market is going. You just have to take your best bet.
bad bull manages market news performance signs
One of the most important signs of a bull market is when the bull market manages very, very bad news like we've had today. So in that sense, you've got a very encouraging performance today.
attracting capital driving euro european expectation factors fall less markets
One of the most important factors driving bonds, clearly, and stocks, less clearly, is the expectation that the euro will fall further, ... It is attracting capital from European markets to the U.S.
investors looking momentum technology works
Momentum investors are looking for something that works. What works is technology.