Usually what happens is that it really reduces the appetite of investors to borrow money to buy stocks for years. Not months - years.
More Quotes from Hugh Johnson:
The biggest risk in 2006 is that the Fed will be seduced by worries about inflation into raising rates too high. A lot depends on what the 10-year does and while I would hope that they would take notice that it's going down in yield, the question is whether they will take it seriously or dismiss it.Hugh Johnson
That can be done, but it can be frustrating. The world doesn't wait for you to go through your research, ... You're sitting there doing your research and while you twiddle your thumbs, Rome is burning.
Hugh Johnson
The stock market has become modestly overvalued and investors are using a variety excuses to take money off the table. I wouldn't be surprised if the current, corrective phase continues and the market declines another 5 percent.
Hugh Johnson
Even though they've bought some stocks this time, they haven't come storming back like they did last October.
Hugh Johnson
I don't worry about volatility. I worry about down .
Hugh Johnson
Something has got to give, ... Crude prices will have to come down or there will have to be some assurance on interest rates before the market will be energized.
Hugh Johnson
Readers Who Like This Quotation Also Like:
What we are witnessing now is a clash of civilisations, not just between states but within them.Pim Fortuyn
It was all men, and there I was prancing around in gowns that barely got past the censors.
Karen Morley
Accept the challenges so that you can feel the exhilaration of victory.
George S. Patton