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
include leading numbers
These are the really important numbers because they give us a first look at January, and they include leading indicators.
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.
across board continued economy employment expanding expansion indicate leading numbers
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.
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,
although bit close confirm economy generally maybe numbers report sector
Although they were close to expectations and maybe a little bit weaker, the numbers confirm that the economy generally is slowing, ... The report also confirms that the manufacturing sector of the economy is contracting.
economic fairly market numbers reflecting though week widespread
There's fairly widespread anticipation that the economic numbers this week will be solid, though not great, and I think the market is reflecting that.
distorted highly hurricane numbers
These numbers were highly impacted if not distorted by Hurricane Katrina.
bump businesses durable earnings economy good goods last numbers outlook seeing spending telling
The durable goods numbers are telling us that businesses are spending money, and that the outlook for the economy is solid. And after last week, the earnings numbers are encouraging. So we're seeing a good bump today.
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.
almost bet fed move raise rates sure
It was almost a sure bet that the Fed was going to raise rates in June. Now it's almost a sure bet, say 50-50 at least, that they won't move in June.
became believer built buy debt everybody stocks
These stocks are so extraordinarily overvalued, and a lot of debt was built up to buy them. Everybody became a believer and had to be on board.
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.
behind bond closely connected interest last market rates reason stock
The stock market has been closely connected to the bond market in the last two weeks, and today's stabilizing interest rates is probably the No. 1 reason behind the gains.