As the bull market progressed, analysts became more optimistic about next year's earnings. Now, it's the extent to which companies will hit their numbers for 2004 that will make next week so important for the market.
More Quotes from Hugh Johnson:
That's a growth stock that is trading at an unusually high price-earnings ratio compared to growth, ... It's being priced as a rather racy e-commerce company. They've done a really good job (of adapting to the Internet) -- that company thinks great, they have a great culture.Hugh Johnson
The markets are getting a little nervous . On balance, investors want to see this president and the tax cuts preserved.
Hugh Johnson
We have such speculation in Internet stocks already that it's earnings will be keenly watched and could stir up more speculation or spur a decline, depending on their results.
Hugh Johnson
What, if anything, do the infinity of different traditional and individual ideas of a garden have in common They vary so much in purpose, in size, in style and content that not even flowers, or even plants at all, can be said to be essential. In the last analysis there is only one common factor between all gardens, and this is the control of nature by man. Control, that is, for aesthetic reasons.... The essence is control. Without constant watchful care a garden - any garden - rapidly returns to the state of the country all around it.
Hugh Johnson
Those stock-market returns will be much better than the alternatives. You name it, gold, bonds, cash -- stocks are still likely to be the best performing asset class for the next five years.
Hugh Johnson
It's pretty clear that companies have made money and their cash positions are high and this should help the market stage an advance in November and December.
Hugh Johnson
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