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
continued definitely second trend
That's only the first quarter, and the trend definitely continued in the second quarter.
It's disappointing because usually there is a year-end rally.
hard statements sweeping technology
It's very hard to make sweeping statements when it comes to technology.
attach attribute certainly clear event hard managers money release
It's very hard to attribute it to an event or release because there is none. I certainly wouldn't attach any significance to it. The professional money managers aren't doing much. They want to take a clear look at third-quarter earnings.
close fact market race reflect
It's still way too close a race to call, and I think the market will reflect the fact that it's still up in the air,
investor requires respond
It's still very painful, and it still requires you as an investor to respond to it.
clearly east focus good middle numbers oil though
It's not good news, ... Even though the focus is on the Middle East and oil prices, these numbers clearly are not going to stabilize the markets.
belief economy employment everybody fourth report sluggish waiting
Everybody is waiting for the employment report on Friday. The belief is that the economy is rebounding from the sluggish fourth quarter. We will know on Friday.
becomes carefully disclosure everybody federal information manages reserve
Everybody is going to know the same, but it's going to be less. The disclosure of information becomes more carefully managed than the Federal Reserve manages the disclosure of information.
biggest depends dismiss fed hope inflation notice question raising rates risk seduced seriously whether worries
The biggest risk in 2006 is that the Fed will be seduced by worries about inflation into raising rates too high. A lot depends on what the 10-year does and while I would hope that they would take notice that it's going down in yield, the question is whether they will take it seriously or dismiss it.
almost coming stock though
It's almost as though we're getting a crash, and it's coming at us one stock at a time,
behind coming congress fiscal george looks next policy regardless relief rid sort stimulus
It looks pretty much like it's going to be George Bush. I think it's sort of a sense of relief that that's behind us, and I think more importantly, it's really getting rid of all that kind of uncertainty. But we also know that regardless of who's the winner, we're not going to see much in the way of fiscal policy or fiscal stimulus coming out of the next Congress or Washington.
august carry durable good goods news numbers orders stronger
It's good news that the durable goods orders were stronger than expected, but those are August numbers and probably don't carry that much weight,
pants
It's going to be a fly-by-the-seat of our pants kind of week.