If you separate out all the sectors of the market, it's no longer the case that technology is the most overvalued sector of the market, health care and energy actually carry higher valuations than technology now. So we are starting to get the levels overall in technology that really make some sense. And interestingly enough, if you take it even further, if you go to the individual stocks, stocks like Sun, Cisco, Texas Instruments, Oracle -- great names, they're starting to get to levels which, again, don't call them cheap, but call them cheaper and interesting,
More Quotes from Hugh Johnson:
The simple truth is the economy rebounded from the fourth quarter and was very strong in the first quarter as measured by (gross domestic product). Secondly, based on what we've heard from companies, profit margins should be good.Hugh Johnson
Clearly the Federal Reserve is getting what it wanted with six interest rate increases.
Hugh Johnson
It's very hard to make sweeping statements when it comes to technology.
Hugh Johnson
The question is when will the earnings recovery begin and how strong will it be.
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
(This) week is going to give us a lot of important information about the start of the third quarter,
Hugh Johnson
Readers Who Like This Quotation Also Like:
Based on Topics: Computers & Technology Quotes, Health Quotes, Sense & Perception QuotesI never deliberately set out to shock, but when people don't walk out of my plays I think there is something wrong.
John Osborne
It's strange that the newspapers don't see a connection between their false revelations about my private life and my need for seclusion and security.
Agnetha Faltskog
As soon as tradition has come to be recognized as tradition, it is dead.
Allan Bloom