It's very hard to make sweeping statements when it comes to technology.
More Quotes from Hugh Johnson:
I'm referred to as a fundamentalist -- a person who cares about company earnings and where the economy is going -- but the truth is I'm a closet technician. I've learned something as we've moved through the bear market The last people to find out about a problem are research analysts and fundamentally oriented strategists.Hugh Johnson
The focus has been on earnings, and when you get something like Aetna, then that's going to help the market. But one of these days, that focus is going to shift to inflation and interest rates. And the Fed is going to have to get it absolutely right in order for this market to manage even small gains.
Hugh Johnson
I think the MA activity is certainly the headline, with Oracle-PeopleSoft and a hangover of Sprint-Nextel. As the acquisitions start to pick up, that's new money coming into the market, which is positive.
Hugh Johnson
Common sense alone says energy is not going to be the leader.
Hugh Johnson
I don't worry about volatility. I worry about down .
Hugh Johnson
Tobacco is the best performing industry in every single bear market,
Hugh Johnson
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