There is something valuable in the loss.
More Quotes from Hugh Johnson:
Tobacco is the best performing industry in every single bear market,Hugh Johnson
Financials and consumer non-cyclical stocks also interest Johnson. You look at a company like, say, Washington Mutual, in my judgment a great company, and it's a value play. Remember, investors in this market are looking for low priceearnings ratios and some dividend yield, ... Same thing consumer non-cyclical companies like Pepsi and Safeway I think are good investments in this environment.
Hugh Johnson
The markets are moving to more reasonably reflect expectations for what lies ahead in 2005.
Hugh Johnson
Although the expectations we've been hearing indicate a prolonged decision, the markets are telling us that the election will be resolved quickly.
Hugh Johnson
It seems so tied to the price of oil, that it's very hard to forecast what stocks will do next. On balance the message of the markets for the last nine trading sessions, including today, seems to have shifted to say that the price of oil is taking a chunk out of consumer spending.
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
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I think the church and the religion right now have a lot more to be worried about than SLAYER.
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But these guys learn so fast now, they sort of soak up the information, they're fearless. Those are the guys who learn from their mistakes and come back strong the next time.
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