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
activity certainly hangover
I think the M&A activity is certainly the headline, with Oracle-PeopleSoft and a hangover of Sprint-Nextel,
among spread
I think you can spread yourself among many sectors,
believe faulty investors lies lies-and-lying recession signal worried yield
I think the yield has worried investors. Some investors believe that it's a signal that a recession lies ahead. I believe that is a faulty interpretation.
bet bull
If you get that configuration, particularly liquidity conditions, usually you can bet pretty heavily that this is going to be a bull market.
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.
bet economists markets
If you're going to bet on economists and strategists on one hand, and the markets on the other, take the markets every time.
bad news
It's bad news for all of the things that have been doing well.
coming market money rally start
It's a year-end rally in anticipation that there will be some new money coming into the market as we start the new year.
continue winner
It's been a big winner for us and I think it's going to continue to be a big winner,
amazing consensus shifted wall
It's amazing how the consensus has shifted on Wall Street,
believe continue convinced earnings fed foot growth interest investors migration rates reduce reflection toward until value
It's a migration toward value as a reflection that investors believe the growth rates of earnings are slowing. It will continue until investors are convinced that the Fed will take its foot off the break, or reduce interest rates.
It's disappointing because usually there is a year-end rally.
difference good news number report
The ISM report was good news in two ways. There's a big difference between contraction and a slowdown; and the number still showed expansion.
consumer inflation price process rise
The consumer price index rise was very modest. It suggests, that inflation is in the process of moderating.