Everybody is waiting for the employment report on Friday. The belief is that the economy is rebounding from the sluggish fourth quarter. We will know on Friday.
More Quotes from Hugh Johnson:
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.Hugh Johnson
I don't think it changes anything for Federal Reserve policy. Various early warning signs of inflation are still telling us they have to raise interest rates by 50 basis points and they are likely to do so when they meet next week.
Hugh Johnson
Yesterday's weak ISM number shows the manufacturing sector is just limping along. Another report this week suggests that Friday's August employment report may not be very good. Worries about the economy resurface and are reflected in stocks,
Hugh Johnson
The good news was good enough to more than offset the worries about wages and Federal Reserve policy. There is an emotional component to the market today. Some speculative spirits are starting to stir.
Hugh Johnson
It seems so tied to the price of oil, that it's very hard to forecast what stocks will do next. On balance the message of the markets for the last nine trading sessions, including today, seems to have shifted to say that the price of oil is taking a chunk out of consumer spending.
Hugh Johnson
Their (Exxon's) profits were very strong, and December personal income was higher than forecast.
Hugh Johnson
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Based on Topics: Belief & Faith Quotes, Work & Career QuotesArguments, like children, should be like the subject that begets them.
Thomas Dekker
The evils of mortals are manifold; nowhere is trouble of the same wing seen.
Aeschylus
As Peter Bogdanovich would say of Paper Moon: Ryan's wonderful in it, and he sat there and watched the kid steal the picture.
Tatum ONeal