That's pretty good news because it means investors did not become defensive. They remain optimistic,
More Quotes from Hugh Johnson:
To some extent everybody is a little exhausted. In the absence of big news we'll see a quieter day. It feels like we were hit by a tidal wave over the past three or four days and today is like the aftermath, picking up the pieces.Hugh Johnson
There are a growing number of investors who believe the market has hit bottom. Investors with cash are feeling pressure to get in. Good markets beget good markets.
Hugh Johnson
It's not good news, ... Even though the focus is on the Middle East and oil prices, these numbers clearly are not going to stabilize the markets.
Hugh Johnson
Common sense alone says energy is not going to be the leader.
Hugh Johnson
We had a very solid move up in stocks in the first quarter. There's a good chance that what the markets will be left with is a great deal of uncertainty or even the belief that more rate increases are coming.
Hugh Johnson
never got the impression that margin debt was part of the support for Internet stocks until the last two months.
Hugh Johnson
Readers Who Like This Quotation Also Like:
There is not a more unhappy being than a superannuated idol.Joseph Addison
Modesty and unselfishness - these are the virtues which men praise - and pass by.
Andre Maurois
There are matters in the Bible, said to be done by the express commandment of God, that are shocking to humanity and to every idea we have of moral justice.
Thomas Paine