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 computers economy equipment good growing leaders lies percent reflecting spending stocks technology
Technology stocks have been leaders for good reason, ... The economy is growing 3.5 percent per year, while spending on information-processing equipment is growing 19.1 percent a year, after inflation. And spending on computers and peripherals is growing at a 41.1-percent rate. Technology is reflecting what lies ahead for the economy.
later mistake mistakes perspective sometime sooner understand
Sometime managements are the ones that make the mistake and think they're the ones that are going to survive. They have no perspective and don't understand that sooner or later they're going to go away.
bothers extremely markets
This thing that bothers me is you get into markets like this and they can go from being overvalued to extremely overvalued,
companies south taking
There have been a lot of high-profile companies taking a lot of extraordinary drops. When things go south for a company, they really go south.
fed likely market measured pace rates seeing
After seeing these reports, it's likely the Fed will...raise rates at the measured pace the market is used to.
connected guess phenomena
Everything is connected but it is anyone's guess how long the phenomena will continue.
defensive market move noticed
This is a market that's become very, very defensive, ... One thing I noticed is a move back to the defensive side.
driving earnings powerful season
This has been a very powerful earnings season and that's what's been driving the market.
tend
They tend to be like sheep. They are followers. It's called piling on in football, and I think it's the equivalent. It's unprecedented.
almost begin companies earnings explain hire hope money people quarter reasons remember spend truth
Almost every quarter I can remember people have come up with reasons to explain away earnings gains. The truth is that earnings are doing better, and the hope is that, because earnings are improving, companies will begin to hire and spend money on technology.
although election hearing indicate markets prolonged resolved telling
Although the expectations we've been hearing indicate a prolonged decision, the markets are telling us that the election will be resolved quickly.
circling companies target tax traders
A lot of traders will be circling like vultures, to find the companies that are the target of tax selling.
basis fed interest market rally rates touch trying
This market is trying to rally. If the Fed reduces interest rates by 50 basis points, it will touch off a rally, but if we get a rally it will be guarded.
names stay technology
You really want to stay with the large-cap (stocks), ... the big names in technology.