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
include leading numbers
These are the really important numbers because they give us a first look at January, and they include leading indicators.
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I think we've seen technology take a tumble a number of times and come right back. Most professional money managers look at a technology slump as a buying opportunity.
distorted highly hurricane numbers
These numbers were highly impacted if not distorted by Hurricane Katrina.
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As the bull market progressed, analysts became more optimistic about next year's earnings. Now, it's the extent to which companies will hit their numbers for 2004 that will make next week so important for the market.
across board continued economy employment expanding expansion indicate leading numbers
The numbers across the board were pretty surprising. I would say that improvements in the leading indicators of the economy, like the employment and manufacturing numbers, is very encouraging and indicate that the economy is expanding and not contracting. It also suggests continued expansion into the first quarter.
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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.
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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.
august carry durable good goods news numbers orders stronger
It's good news that the durable goods orders were stronger than expected, but those are August numbers and probably don't carry that much weight,
economic fairly market numbers reflecting though week widespread
There's fairly widespread anticipation that the economic numbers this week will be solid, though not great, and I think the market is reflecting that.
period technology
I like the large-cap technology names. Over a three- to five-year period they are going to be real winners.
bonds describe dollar financial markets speaking strong word
Speaking of financial markets as a whole --stocks, bonds and the dollar -- 'volatile' is not strong enough a word to describe them.
bad bowl conclude january market rational super whether
Like any indicator, whether it's the Super Bowl or anything else, it's sometimes right and sometimes wrong. It's just not very rational to conclude that if January is a bad month, the market will have a bad year.
connected guess phenomena
Everything is connected but it is anyone's guess how long the phenomena will continue.
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The fundamental premise in this business is you cannot be stuck in this business. You can buy stocks for the long haul, but if the market breaks down, you're going to suffer. You're going to pay for it.