This is a good time for review.
More Quotes from Hugh Johnson:
Usually, when you have a stock market mania, it's driven largely by individual investors borrowing money to buy stocks at prices that are too high. And usually, when a bubble becomes unwound, it's because of margin calls.Hugh Johnson
Almost every quarter I can remember people have come up with reasons to explain away earnings gains. The truth is that earnings are doing better, and the hope is that, because earnings are improving, companies will begin to hire and spend money on technology.
Hugh Johnson
(Greenspan) gave those words of reassurance. Today will set the tone, and, on balance, tomorrow should be positive.
Hugh Johnson
It will eventually slow the growth rate of earnings. Therefore you should own companies with low price-earnings ratios, not high price-earnings ratios.
Hugh Johnson
Sometime managements are the ones that make the mistake and think they're the ones that are going to survive. They have no perspective and don't understand that sooner or later they're going to go away.
Hugh Johnson
It injects some uncertainty. The worry is the Chinese economy will slow too much, and that will send markets down worldwide.
Hugh Johnson
Readers Who Like This Quotation Also Like:
There are chapters in every life which are seldom read and certainly not aloud.Carol Shields
This work made me more and more interested in biological matter, and I decided that I really wanted to work on the X-ray analysis of biological molecules.
Aaron Klug
I think we're proving ourselves as we go along. The past several months our strategy has been evolutionary - making maximum advantage of our client browser, as well as our enterprise software for people who want to build Web sites.
Jim Barksdale