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
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,
globe markets worry
When all of the markets around the globe simultaneously go down, that's the message. That's what you have to worry about.
actual calculate driving investors market paying together year
What's driving the market is speculation. You put together actual year earnings, you also calculate price-to-earnings multiples right now and what investors are paying for is really out of whack. It's too high.
burned careful investors market seen stake thinking
You have to be careful about prejudging this - I've seen so many investors burned at the stake thinking things like 'Value is about to come back,' ... Let the market tell you what to do. Don't tell the market what to do.
companies good market sector
Every market sector has a lot of good companies in it.
became bull companies extent hit market next numbers optimistic week
As the bull market progressed, analysts became more optimistic about next year's earnings. Now, it's the extent to which companies will hit their numbers for 2004 that will make next week so important for the market.
bothers extremely markets
This thing that bothers me is you get into markets like this and they can go from being overvalued to extremely overvalued,
current immediate investors major market next shake sitting summer therefore worry
There's no news, nothing I see on the immediate horizon, next week, that would shake the market out of its current malaise or end the summer doldrums. There are so many things to worry about, and investors are therefore sitting on their hands, not making any new, major commitments.
concerns cut defensive economy effect eliminate january letting market overall rate shift stocks tax turn watch
Is the possibility of a tax cut and a rate cut enough to eliminate or neutralized the concerns about the economy and earnings, letting the January effect play out, ... Watch the overall market and if the shift from defensive stocks to economically-sensitive stocks continues, it may be enough to turn the tide.
defensive market move noticed
This is a market that's become very, very defensive, ... One thing I noticed is a move back to the defensive side.
fed likely market measured pace rates seeing
After seeing these reports, it's likely the Fed will...raise rates at the measured pace the market is used to.
aggressive arguably deal declined great levels managers market realized stock
The most important thing is that the stock market had declined to levels that were arguably undervalued, and that many aggressive managers also realized there was a great deal of pessimism.
assurance crude interest market prices rates
Something has got to give, ... Crude prices will have to come down or there will have to be some assurance on interest rates before the market will be energized.
bonds describe dollar financial markets speaking strong word
Speaking of financial markets as a whole --stocks, bonds and the dollar -- 'volatile' is not strong enough a word to describe them.