Sometime managements are the ones that make the mistake and think they're the ones that are going to survive. They have no perspective and don't understand that sooner or later they're going to go away.
More Quotes from Hugh Johnson:
Even though they've bought some stocks this time, they haven't come storming back like they did last October.Hugh Johnson
The stock market has become modestly overvalued and investors are using a variety excuses to take money off the table. I wouldn't be surprised if the current, corrective phase continues and the market declines another 5 percent.
Hugh Johnson
The earnings have been pretty good so far, but there's an ambiguity in the market about them, because you'll see Amazon or Microsoft disappointing and then others beating.
Hugh Johnson
I think it's a bygone conclusion that they will raise rates in January, but there's also debate about whether they'll raise rates in March.
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 earnings picture is really good now, but, you know, enjoy it while it lasts. Third and fourth quarters of this year are going to be much, much tougher earnings seasons, primarily because analysts are not reducing those estimates and the comparisons are going to be very, very tough,
Hugh Johnson
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Based on Topics: Error & Mistake QuotesBeauty, whether moral or natural, is felt, more properly than perceived.
David Hume
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George Allen
She laughs at everything you say. Why? Because she has fine teeth.
Benjamin Franklin