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
attracts cheap drove economy good leading levels market news rally saying side stock today
The stock market rally today is because we drove the market down to levels that were on the cheap side and when you get news like the leading indicators saying things are going to be good for the economy and profits, that attracts buyers.
bad clearly good harvest offset sales taxable though time
Even though it's a bad time, it's a good time - if you have a taxable account, you clearly want to harvest some of the gains, and offset it with some sales of losses,
ahead computers economy equipment good growing leaders lies percent reflecting spending stocks technology
Technology stocks have been leaders for good reason. The economy is growing 3.5 percent per year, while spending on information-processing equipment is growing 19.1 percent a year, after inflation. And spending on computers and peripherals is growing at a 41.1-percent rate. Technology is reflecting what lies ahead for the economy.
ahead computers economy equipment good growing leaders lies percent reflecting spending stocks technology
Technology stocks have been leaders for good reason, ... The economy is growing 3.5 percent per year, while spending on information-processing equipment is growing 19.1 percent a year, after inflation. And spending on computers and peripherals is growing at a 41.1-percent rate. Technology is reflecting what lies ahead for the economy.
companies good market sector
Every market sector has a lot of good companies in it.
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.
care defensive fairly frankly good health investors last lifted month move performed quite recently relative somewhat stocks
You had a pretty good move in biotech this year, and biotech really has quite frankly lifted the health care and the drug stocks recently because investors have become somewhat defensive -- say in the last month or so -- and have also, on a relative basis, performed fairly well.
believe cash feeling good growing hit investors market markets number pressure
There are a growing number of investors who believe the market has hit bottom. Investors with cash are feeling pressure to get in. Good markets beget good markets.
component emotional federal good market news offset reserve spirits starting wages worries
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.
generally good markets war
It's very cold-hearted, but war has generally been good for the markets and the economy.
good investors means news remain
That's pretty good news because it means investors did not become defensive. They remain optimistic,
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.
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,
again bad days good within
It's an on again, off again market, ... We have good days, we have bad days and we have rotations within sectors.