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
among appears cut fed investors knows move reason situation taking thinking time worries
I think what the half-point cut showed was that the Fed for the first time appears to be taking the situation very seriously. I think investors are also still mulling the move and thinking what is it the Fed knows that they don't know. Could it be worries about a double-dip and deflation? It's this uncertainty, among other factors, that's the reason why we're down today.
buying
If you're not a day trader, I would say don't do a thing. If you're buying for the long term, you'll be just fine.
barn edge higher
I think we're going to edge our way higher but I don't think it's going to be a barn burning.
bull conditions despite fed markets start yesterday
The conditions for the restarting of the bull market, or the start of a new bull market, which is how you should look at it, those conditions do not exist. Not yet, and that's why the markets went down yesterday despite what the Fed said,
fact market optimism worried
I get worried about so much optimism and the fact that the market is overvalued,
belief economy employment everybody fourth report sluggish waiting
Everybody is waiting for the employment report on Friday. The belief is that the economy is rebounding from the sluggish fourth quarter. We will know on Friday.
check expect held high market oil ordinarily reason rise stock
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.
company earnings portfolio question stops
A company like Sunoco, we know their earnings will be better, but how much better? ... As a portfolio manager, that question stops you.
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.
canada coming might run southern time warming year
It's coming from southern Canada. We're in that time of year where even Canada is warming up now. We might make a run at 70 by the end of the week.
bond europe happens market means question stock tragedy
Just as the bond market and Europe has priced in what this tragedy means ... so too will the stock market. The real question is what happens at 10:30 (a.m. ET).
worry
I don't worry about volatility. I worry about down .
companies good market sector
Every market sector has a lot of good companies in it.
basis fed interest market rally rates touch trying
This market is trying to rally. If the Fed reduces interest rates by 50 basis points, it will touch off a rally, but if we get a rally it will be guarded.