It injects some uncertainty. The worry is the Chinese economy will slow too much, and that will send markets down worldwide.
More Quotes from Hugh Johnson:
It looks pretty much like it's going to be George Bush. I think it's sort of a sense of relief that that's behind us, and I think more importantly, it's really getting rid of all that kind of uncertainty. But we also know that regardless of who's the winner, we're not going to see much in the way of fiscal policy or fiscal stimulus coming out of the next Congress or Washington.Hugh Johnson
The market needs to let earnings catch up -- wait until we get closer to the year 2000, when we can feel comfortable that the market is not overvalued. If the market stayed the same while earnings rose, then price-earnings ratios would be so darn high.
Hugh Johnson
It is encouraging that the market has been able to hold together. The overall message is that the events in Southeast Asia will in time have an impact on the U.S. economy, but not a major impact in 1998. And that is really good news.
Hugh Johnson
Investors become very guarded at the point that they think oil prices could take a chunk out of economic growth,
Hugh Johnson
The election is another element of ambiguity, ... and oil remains the crucial variable.
Hugh Johnson
The stock market has been closely connected to the bond market in the last two weeks, and today's stabilizing interest rates is probably the No. 1 reason behind the gains.
Hugh Johnson
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