The markets are moving to more reasonably reflect expectations for what lies ahead in 2005.
More Quotes from Hugh Johnson:
That can be done, but it can be frustrating. The world doesn't wait for you to go through your research, ... You're sitting there doing your research and while you twiddle your thumbs, Rome is burning.Hugh Johnson
They the leading indicators have been rising for four successive months and given time, those (six) Fed rate cuts are going to kick in and we'll have better economic activity.
Hugh Johnson
Those stock-market returns will be much better than the alternatives. You name it, gold, bonds, cash -- stocks are still likely to be the best performing asset class for the next five years.
Hugh Johnson
The durable goods numbers are telling us that businesses are spending money, and that the outlook for the economy is solid. And after last week, the earnings numbers are encouraging. So we're seeing a good bump today.
Hugh Johnson
Usually what happens is that it really reduces the appetite of investors to borrow money to buy stocks for years. Not months - years.
Hugh Johnson
Technology stocks have been leaders for good reason. The economy is growing 3.5 percent per year, while spending on information-processing equipment is growing 19.1 percent a year, after inflation. And spending on computers and peripherals is growing at a 41.1-percent rate. Technology is reflecting what lies ahead for the economy.
Hugh Johnson
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