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
begin earnings question recovery strong
The question is when will the earnings recovery begin and how strong will it be.
ahead asked investors president question statements steps
The question I get asked a lot is what's it going to take to get investors back in the game. One is leadership, for the President to take some steps and make some statements that show he's ahead of the curve.
dig start time
Time to dig in and start to go.
becoming building confidence currently earnings investor investors leading looking optimistic profit profits recession slowly
We are gradually, slowly building investor confidence that the profit recession will end, ... What's leading to the bullishness is not anything you are currently looking at. Earnings are dismal, but investors are becoming more optimistic that the profits recession will end.
becomes borrowing bubble buy driven individual investors largely margin market money prices stock stocks
Usually, when you have a stock market mania, it's driven largely by individual investors borrowing money to buy stocks at prices that are too high. And usually, when a bubble becomes unwound, it's because of margin calls.
Usually when they're cheap, the story is not a pretty story,
bear bias buying consistent cyclical data economy implies improvement investors lead market sector showing stocks technology towards view
When you see buying in that (technology) sector in a bear market, it implies that there are investors out there who see improvement around the corner, and it's usually technology and cyclical stocks that lead the market out of a downtrend. The bias towards Friday's data may be that the data will be consistent with the view that the economy is showing some expansion.
strong technology
Those of us who said technology is immune, that was too strong a statement.
capital decline divert flows
The decline will divert capital flows away from U.S. investments.
caution continue driven employment market
Tomorrow, the market will probably continue upward driven by the dollar, but it won't go up much because of caution before the employment figures.
conditions continue detail earnings improved likely market seeing showing
What we're seeing from Lehman is that market conditions improved through the summer, and that conditions are likely to continue improving. That's showing up in the earnings and in the detail of their reports.
almost beyond immune moving scandals
We're moving beyond that -- the market's almost immune to the scandals now.
forever formula grail holy investing search until work
We're forever in search of the Holy Grail of investing and that's some formula to give us the answer, ... That's the whole problem. These things work - until you try to use them.
risks
There are big risks when you get leveraged,