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
challenge concern interest oil policy present prices rate rise troubling
The rise in oil prices and concern over the Fed's interest rate policy are very troubling to the market. That's going to present a challenge to this rally.
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Hardware, software and semiconductors are the three top-performing groups right now, and there has been a decline in oil prices. These things are pushing the markets up.
given giving last market oil performance prices strong today
Today the market is pausing a bit, given the strong performance last week. There is lot of acquisition activity, which is giving the market some lift, particularly because oil prices are stable.
clear earnings economy level oil price questions raises serious
The price is down some, but it's clear that oil is at a level that raises serious questions about the U.S. economy and earnings going forward.
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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.
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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.
above guarded investors oil price remains volume
As long as the price of oil remains above $65 a barrel, investors are going to be very guarded and volume low.
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Ordinarily you would expect the stock market to rise or do better, but it's not, and I think the reason it's not is it's being held in check by high oil prices.
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Shell Oil has made an offer to Barrett, ... I think they're going to have to make a higher offer to buy the company.
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Investors become very guarded at the point that they think oil prices could take a chunk out of economic growth,
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The election is another element of ambiguity, ... and oil remains the crucial variable.
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The combination of a decline in oil prices, however slight, and some fairly upbeat comments (by Fed officials), may have led Fed watchers to conclude the Fed may raise interest rates at its meeting in May, and then stop.
asking corporate economy everybody fourth given great last market message oil profits quarter week
The market is asking the question, given oil prices, given rates, given China's economy and other things, what does it look like for the economy and corporate profits in the fourth quarter and in 2005? The message we got last week was that it's probably not going to be as great as everybody once expected, but it will still be just fine.
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.