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
biggest depends dismiss fed hope inflation notice question raising rates risk seduced seriously whether worries
The biggest risk in 2006 is that the Fed will be seduced by worries about inflation into raising rates too high. A lot depends on what the 10-year does and while I would hope that they would take notice that it's going down in yield, the question is whether they will take it seriously or dismiss it.
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.
distorted highly hurricane numbers
These numbers were highly impacted if not distorted by Hurricane Katrina.
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.
focus forget looks quarter third
It's encouraging, but let's not forget that the focus is on the third quarter and beyond, and that looks a little gloomier,
balance chunk consumer forecast hard including last markets message nine oil price seems shifted stocks taking tied trading
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.
convinced damage due earnings economy fallout hang hat investors passing serious trading
It's a trading rally, and not much more than that. If there's anything you can hang your hat on, it's that with every passing day, some investors become convinced that there's not going to be any serious fallout or damage to the economy or earnings due to the hurricanes.
decline magnitude
It's a big drop, a very substantial drop. The magnitude of the decline is a surprise.
portfolio stocks structure
It's not the stocks you pick, it's the structure of your portfolio that counts,
almost coming stock though
It's almost as though we're getting a crash, and it's coming at us one stock at a time,
behind coming congress fiscal george looks next policy regardless relief rid sort stimulus
It looks pretty much like it's going to be George Bush. I think it's sort of a sense of relief that that's behind us, and I think more importantly, it's really getting rid of all that kind of uncertainty. But we also know that regardless of who's the winner, we're not going to see much in the way of fiscal policy or fiscal stimulus coming out of the next Congress or Washington.
august carry durable good goods news numbers orders stronger
It's good news that the durable goods orders were stronger than expected, but those are August numbers and probably don't carry that much weight,
pants
It's going to be a fly-by-the-seat of our pants kind of week.
caps early foolish jump large until wait year
It's foolish to jump the gun. The thing to do is wait until you actually see large caps outperform, because if you don't wait you can be a year early .