Tobacco is the best performing industry in every single bear market,
More Quotes from Hugh Johnson:
The election is another element of ambiguity, ... and oil remains the crucial variable.Hugh Johnson
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.
Hugh Johnson
The gains in those sectors is very good news, ... Investors are buying into riskier areas and it shows they're more optimistic about the economy and earnings.
Hugh Johnson
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.
Hugh Johnson
Common sense alone says energy is not going to be the leader.
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
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Fascism, the more it considers and observes the future and the development of humanity, quite apart from political considerations of the moment, believes neither in the possibility nor the utility of perpetual peace.Benito Mussolini
Every adolescent has that dream every century has that dream every revolutionary has that dream, to destroy the family.
Gertrude Stein
At the art college in Edinburgh someone arranged for some London groups to come up and play. I was in a supporting band, with Bernie Green I think. Derek Bailey was one of the visiting musicians. He seemed to like my playing and asked me to come down to London.
Jamie Muir