The question coming out of the meeting is, is the dollar's slide going to continue and will foreign investors start pulling out of stocks and bonds because of the weak dollar, ... Most people don't think this will happen, but the G7 meeting raised that concern a little.
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Tobacco is the best performing industry in every single bear market,Hugh Johnson
We have such speculation in Internet stocks already that it's earnings will be keenly watched and could stir up more speculation or spur a decline, depending on their results.
Hugh Johnson
You know, we had four great years because we had declining inflation and interest rates. There's been a sea change. We now have inflation and interest rates actually heading higher. That makes things entirely different - you can't get away with high-priced earnings or overvalued stocks and so we're going through this adjustment to a new reality.
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
This is a good time for review.
Hugh Johnson
The problem is there are exceptions. You're still left with the question Is this the time when it won't work
Hugh Johnson
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