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
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,
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.
august economy employment number reflected report sector shows weak week worries
Yesterday's weak ISM number shows the manufacturing sector is just limping along. Another report this week suggests that Friday's August employment report may not be very good. Worries about the economy resurface and are reflected in stocks,
again excuse following interest knowing last likely march meeting profit raised rates strong taking walked week
It is a down week after some predictable profit taking following a strong January. But the excuse for that profit taking was the Fed. We walked away from last Tuesday's meeting in which they raised interest rates, knowing that they will likely raise rates again at their March meeting.
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.
caps last looking noticing small weeks
They are going to be looking back on the last two weeks and noticing the small caps have come back to life.
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.
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.
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.