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
ahead lies markets moving reasonably reflect
The markets are moving to more reasonably reflect expectations for what lies ahead in 2005.
cuts investors markets nervous president tax
The markets are getting a little nervous . On balance, investors want to see this president and the tax cuts preserved.
couple cut history rates says time
You won't know for a couple of weeks. History says they (the Fed) need to cut rates more than one time but I am encouraged.
bull news seemed
The Goldman Sachs news seemed to re-energize the bull market.
chance continue earnings economy good growth investors rate safer segments
The economy and the growth rate of earnings will slow, ... There's a good chance that investors will continue to do what they've always done. They will migrate to the safer segments of the market.
earnings enjoy estimates fourth good picture primarily quarters reducing third tougher year
The earnings picture is really good now, but, you know, enjoy it while it lasts. Third and fourth quarters of this year are going to be much, much tougher earnings seasons, primarily because analysts are not reducing those estimates and the comparisons are going to be very, very tough,
amazon ambiguity earnings good market microsoft others
The earnings have been pretty good so far, but there's an ambiguity in the market about them, because you'll see Amazon or Microsoft disappointing and then others beating.
bump businesses durable earnings economy good goods last numbers outlook seeing spending telling
The durable goods numbers are telling us that businesses are spending money, and that the outlook for the economy is solid. And after last week, the earnings numbers are encouraging. So we're seeing a good bump today.
interest market responding rises
The market is not doing well. At long last, it is doing what it should do in responding to the rises in interest rates.
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.
continues economy fourth labor markets ongoing pressure quarter time
It confirms that as we started the fourth quarter the economy continues to slow, ... At the same time that the economy is slowing, there is ongoing tightness in the labor markets and ongoing upward pressure on wages.
chinese economy markets send slow worry
It injects some uncertainty. The worry is the Chinese economy will slow too much, and that will send markets down worldwide.
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.
inevitable market skepticism
I think the market has managed the inevitable profit-taking very well, but there's still a lot of skepticism out there,