(Greenspan) gave those words of reassurance. Today will set the tone, and, on balance, tomorrow should be positive.
More Quotes from Hugh Johnson:
Frankly, Yale Hirsch attaches more significance to this than he should, ... Sometimes it the market does well in an election year and sometimes it doesn't. The real question is what is it going to do this time.Hugh Johnson
It's very hard to attribute it to an event or release because there is none. I certainly wouldn't attach any significance to it. The professional money managers aren't doing much. They want to take a clear look at third-quarter earnings.
Hugh Johnson
(This) week is going to give us a lot of important information about the start of the third quarter,
Hugh Johnson
The stock market rally today is because we drove the market down to levels that were on the cheap side and when you get news like the leading indicators saying things are going to be good for the economy and profits, that attracts buyers.
Hugh Johnson
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.
Hugh Johnson
Readers Who Like This Quotation Also Like:
Based on Topics: Balance QuotesBased on Keywords: reassurance
I'm happy to be here. I'm happy to be anywhere. I'm not kidding.
Larry Hagman
My love, growing up on the Prairies, was country music.
Randy Bachman
This crowd did not diminish through the whole of that cold, wet day; they seemed not to know what was to by their fate since their great benefactor was dead, and though strong and brave men wept when I met them.
Gideon Welles