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
aggressive cash defend defensive investor portfolio raising shifting sleep
If you're an aggressive investor and can't sleep at night, then you should defend your portfolio by raising some cash and shifting into more defensive stocks,
basis changes early federal inflation interest likely meet next points raise rates reserve signs telling various warning
I don't think it changes anything for Federal Reserve policy. Various early warning signs of inflation are still telling us they have to raise interest rates by 50 basis points and they are likely to do so when they meet next week.
worry
I don't worry about volatility. I worry about down .
grow growth pay percent
If I thought Cisco was going to grow 40 percent for one year, I would never pay two-plus the growth rate. But if I thought it was going to be a five-year deal, I would.
advance cash clear companies help high market money november positions stage
It's pretty clear that companies have made money and their cash positions are high and this should help the market stage an advance in November and December.
area cup depart feels saying seems silver sort zero
It's uncharacteristic of him to make big-picture investments, ... This whole area -- zero coupons, silver -- when he seems to depart from big companies, he feels uncomfortable, it's not his place?he's sort of saying to himself, 'this is not my cup of tea.'
change policy signal
Does this signal a policy change in Washington?
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.
good investors means news remain
That's pretty good news because it means investors did not become defensive. They remain optimistic,
continued definitely second trend
That's only the first quarter, and the trend definitely continued in the second quarter.
again bad days good within
It's an on again, off again market, ... We have good days, we have bad days and we have rotations within sectors.
accepted both change conclusion employment fed june market matter raise rates reasonably report
It's a reasonably accepted conclusion that the Fed will raise rates in both June and August; that's what the market has discounted. I don't know if Friday's employment report will change that, no matter what it says.
generally good markets war
It's very cold-hearted, but war has generally been good for the markets and the economy.
additional along clear continue difficult economy energy federal higher interest passed pressure prices raise reserve strong
It's very clear that higher energy prices are now being passed along to consumers, and it's not difficult to do that when the economy is as strong as it is. This will put additional pressure on the Federal Reserve to continue to raise short-term interest rates.