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
comments conclude decline fairly fed however interest led meeting oil raise rates upbeat
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.
bear best industry performing single tobacco
Tobacco is the best performing industry in every single bear market,
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.
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.
imagine manage money stressful trying
Trying to manage money in this environment, you can't imagine how stressful this is.
steps time week
(This) week is time for two steps forward,
information start third week
(This) week is going to give us a lot of important information about the start of the third quarter,
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.
oracle rest technology
What Oracle did is it demoralized the rest of the technology sector.
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.
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.
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,
earnings economy move questions raises serious time toward
Every time (crude prices) move toward $50, it raises serious questions about the economy and earnings in 2005.
companies good market sector
Every market sector has a lot of good companies in it.