The conditions for the restarting of the bull market, or the start of a new bull market, which is how you should look at it, those conditions do not exist. Not yet, and that's why the markets went down yesterday despite what the Fed said,
More Quotes from Hugh Johnson:
Time to dig in and start to go.Hugh Johnson
The market is worried that the Federal Reserve will continue to raise interest rates well into 2006 and possibly make a policy mistake. If you look at housing starts they're very strong. Everyone knows the unemployment rate is low and the Fed is uncomfortable with that.
Hugh Johnson
A 25-basis point rise is built into the markets. What's not built in, and there's a chance this could happen, is that they might shift the balance of risks to favor inflation, which would mean that rates will rise more aggressively next year.
Hugh Johnson
There have been a lot of high-profile companies taking a lot of extraordinary drops. When things go south for a company, they really go south.
Hugh Johnson
There is something valuable in the loss.
Hugh Johnson
The question I get asked a lot is what's it going to take to get investors back in the game. One is leadership, for the President to take some steps and make some statements that show he's ahead of the curve.
Hugh Johnson
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