The worry is that the lid, or the cap, on interest rates is now off.
More Quotes from Hugh Johnson:
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.Hugh Johnson
The stuff that worked in the fourth quarter and the first part of this year isn't working any more, like Internet stocks, large-cap tech stocks, and other large-cap names.
Hugh Johnson
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,
Hugh Johnson
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.
Hugh Johnson
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.
Hugh Johnson
There is something valuable in the loss.
Hugh Johnson
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