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
caps early foolish jump large until wait year
It's foolish to jump the gun. The thing to do is wait until you actually see large caps outperform, because if you don't wait you can be a year early .
continue winner
It's been a big winner for us and I think it's going to continue to be a big winner,
focus forget looks quarter third
It's encouraging, but let's not forget that the focus is on the third quarter and beyond, and that looks a little gloomier,
balance chunk consumer forecast hard including last markets message nine oil price seems shifted stocks taking tied trading
It seems so tied to the price of oil, that it's very hard to forecast what stocks will do next. On balance the message of the markets for the last nine trading sessions, including today, seems to have shifted to say that the price of oil is taking a chunk out of consumer spending.
convinced damage due earnings economy fallout hang hat investors passing serious trading
It's a trading rally, and not much more than that. If there's anything you can hang your hat on, it's that with every passing day, some investors become convinced that there's not going to be any serious fallout or damage to the economy or earnings due to the hurricanes.
decline magnitude
It's a big drop, a very substantial drop. The magnitude of the decline is a surprise.
correction hope
It's too speculative. I hope that we get an correction soon, it's unhealthy.
call meaningful soon
It's too soon to call it a meaningful trend.
companies eventually growth high rate slow therefore
It will eventually slow the growth rate of earnings. Therefore you should own companies with low price-earnings ratios, not high price-earnings ratios.
eventually growth rate slow
It will eventually slow the growth rate of earnings,
investors irritates paying special
They come to me because they want special treatment, ... There is nothing that irritates substantial investors more than paying taxes.
canada coming might run southern time warming year
It's coming from southern Canada. We're in that time of year where even Canada is warming up now. We might make a run at 70 by the end of the week.
amazing consensus shifted wall
It's amazing how the consensus has shifted on Wall Street,
believe continue convinced earnings fed foot growth interest investors migration rates reduce reflection toward until value
It's a migration toward value as a reflection that investors believe the growth rates of earnings are slowing. It will continue until investors are convinced that the Fed will take its foot off the break, or reduce interest rates.