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
among appears cut fed investors knows move reason situation taking thinking time worries
I think what the half-point cut showed was that the Fed for the first time appears to be taking the situation very seriously. I think investors are also still mulling the move and thinking what is it the Fed knows that they don't know. Could it be worries about a double-dip and deflation? It's this uncertainty, among other factors, that's the reason why we're down today.
basis cap definitely investors large market mid quite relative rewarding small type
Large is the place to be. The market has been rewarding investors in large cap, and rewarding investors on a relative basis in mid cap, but quite frankly, it is an on-again/off-again type of thing with the small cap, and the small cap is not a place to go. The market is not signaling to me that you should play it on the small cap side, mid cap is fine, large cap is definitely the place to be.
believe cash feeling good growing hit investors market markets number pressure
There are a growing number of investors who believe the market has hit bottom. Investors with cash are feeling pressure to get in. Good markets beget good markets.
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.
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.
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.
forget hiding investors market percent scared stocks
There are no real hiding places, ... But I would tell investors they shouldn't get too scared by what's happening. Don't forget that 70 percent of the time, stocks are going up. I don't know where the market is going in 30 days, but I know where it's going in 30 years.
board days false four investors jump soon starts stock until
Four days ain't enough, ... It's still too soon for investors to jump back on board until you get more confirmation from the stock market. We've had so many false starts before.
actual calculate driving investors market paying together year
What's driving the market is speculation. You put together actual year earnings, you also calculate price-to-earnings multiples right now and what investors are paying for is really out of whack. It's too high.
burned careful investors market seen stake thinking
You have to be careful about prejudging this - I've seen so many investors burned at the stake thinking things like 'Value is about to come back,' ... Let the market tell you what to do. Don't tell the market what to do.
care defensive fairly frankly good health investors last lifted month move performed quite recently relative somewhat stocks
You had a pretty good move in biotech this year, and biotech really has quite frankly lifted the health care and the drug stocks recently because investors have become somewhat defensive -- say in the last month or so -- and have also, on a relative basis, performed fairly well.
investors looking momentum technology works
Momentum investors are looking for something that works. What works is technology.
bounce economic either heading investors markets message profits recession sending struggled technical toward
When the markets struggled for a technical bounce in the morning, that was investors sending a message that we're either heading toward an economic recession or toward a profits recession.