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.
More Quotes from Hugh Johnson:
When you see buying in that (technology) sector in a bear market, it implies that there are investors out there who see improvement around the corner, and it's usually technology and cyclical stocks that lead the market out of a downtrend, ... The bias towards Friday's data may be that the data will be consistent with the view that the economy is showing some expansion.Hugh Johnson
This market is trying to rally. If the Fed reduces interest rates by 50 basis points, it will touch off a rally, but if we get a rally it will be guarded.
Hugh Johnson
When all of the markets around the globe simultaneously go down, that's the message. That's what you have to worry about.
Hugh Johnson
When the markets struggled for a technical bounce in the morning, that was investors sending a message that we're either heading toward an economic recession or toward a profits recession.
Hugh Johnson
Frankly, Yale Hirsch attaches more significance to this than he should, ... Sometimes it the market does well in an election year and sometimes it doesn't. The real question is what is it going to do this time.
Hugh Johnson
The markets are moving to more reasonably reflect expectations for what lies ahead in 2005.
Hugh Johnson
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