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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(This) week is time for two steps forward,
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(This) week is going to give us a lot of important information about the start of the third quarter,
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We call it a potential critical fire danger stage. We extremely discourage any outside burning during a red flag.
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Trying to manage money in this environment, you can't imagine how stressful this is.
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The reason the (stock) market is struggling is that concerns about the economy and earnings are deepening, ... We don't see anything that says the current profit recession is going to end.
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The good news was good enough to more than offset the worries about wages and Federal Reserve policy. There is an emotional component to the market today. Some speculative spirits are starting to stir.
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It's very cold-hearted, but war has generally been good for the markets and the economy.
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It's very clear that higher energy prices are now being passed along to consumers, and it's not difficult to do that when the economy is as strong as it is. This will put additional pressure on the Federal Reserve to continue to raise short-term interest rates.
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It's not the stocks you pick, it's the structure of your portfolio that counts,
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It's pretty clear that companies have made money and their cash positions are high and this should help the market stage an advance in November and December.
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It's uncharacteristic of him to make big-picture investments, ... This whole area -- zero coupons, silver -- when he seems to depart from big companies, he feels uncomfortable, it's not his place?he's sort of saying to himself, 'this is not my cup of tea.'
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Does this signal a policy change in Washington?
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The numbers across the board were pretty surprising. I would say that improvements in the leading indicators of the economy, like the employment and manufacturing numbers, is very encouraging and indicate that the economy is expanding and not contracting. It also suggests continued expansion into the first quarter.
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That's pretty good news because it means investors did not become defensive. They remain optimistic,