Even though they've bought some stocks this time, they haven't come storming back like they did last October.
More Quotes from Hugh Johnson:
Is the possibility of a tax cut and a rate cut enough to eliminate or neutralized the concerns about the economy and earnings, letting the January effect play out, ... Watch the overall market and if the shift from defensive stocks to economically-sensitive stocks continues, it may be enough to turn the tide.Hugh Johnson
It's too speculative. I hope that we get an correction soon, it's unhealthy.
Hugh Johnson
Financials and consumer non-cyclical stocks also interest Johnson. You look at a company like, say, Washington Mutual, in my judgment a great company, and it's a value play. Remember, investors in this market are looking for low priceearnings ratios and some dividend yield, ... Same thing consumer non-cyclical companies like Pepsi and Safeway I think are good investments in this environment.
Hugh Johnson
The worry is that the lid, or the cap, on interest rates is now off.
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
A company like Sunoco, we know their earnings will be better, but how much better ... As a portfolio manager, that question stops you.
Hugh Johnson
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Based on Topics: Time QuotesBased on Keywords: storming
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