Almost every quarter I can remember people have come up with reasons to explain away earnings gains. The truth is that earnings are doing better, and the hope is that, because earnings are improving, companies will begin to hire and spend money on technology.
More Quotes from 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 market is worried that the Federal Reserve will continue to raise interest rates well into 2006 and possibly make a policy mistake. If you look at housing starts they're very strong. Everyone knows the unemployment rate is low and the Fed is uncomfortable with that.
Hugh Johnson
Hugh Johnson, chief investment officer at First Albany, suggested that fear -- as much as fundamentals -- is driving the market to levels once considered out of reach. It's a vicious circle, ... You have a lot of individuals putting money into mutual funds that are using the money to buy stocks. You're simply afraid to be out of the market. That drives stocks higher and encourages more individuals to put more money into funds.
Hugh Johnson
We call it a potential critical fire danger stage. We extremely discourage any outside burning during a red flag.
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
Their (Exxon's) profits were very strong, and December personal income was higher than forecast.
Hugh Johnson
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Based on Topics: Computers & Technology Quotes, Hope Quotes, Truth QuotesHonor is the reward of virtue.
Marcus Tullius Cicero
Show me a great actor and I'll show you a lousy husband. Show me a great actress, and you've seen the devil.
W. C. Fields
We travel together, passengers on a little spaceship, dependent on it's vulnerable reserves of air and soil, all committed, for our safety, to it's security and peace. Preserved from annihilation only by the care, the work and the love we give our fragile craft.
Adlai E. Stevenson