To some extent everybody is a little exhausted. In the absence of big news we'll see a quieter day. It feels like we were hit by a tidal wave over the past three or four days and today is like the aftermath, picking up the pieces.
More Quotes from Hugh Johnson:
We're forever in search of the Holy Grail of investing and that's some formula to give us the answer, ... That's the whole problem. These things work - until you try to use them.Hugh Johnson
ultimately extremely good news for the health of the market.
Hugh Johnson
If you separate out all the sectors of the market, it's no longer the case that technology is the most overvalued sector of the market, health care and energy actually carry higher valuations than technology now. So we are starting to get the levels overall in technology that really make some sense. And interestingly enough, if you take it even further, if you go to the individual stocks, stocks like Sun, Cisco, Texas Instruments, Oracle -- great names, they're starting to get to levels which, again, don't call them cheap, but call them cheaper and interesting,
Hugh Johnson
Tomorrow, the market will probably continue upward driven by the dollar, but it won't go up much because of caution before the employment figures.
Hugh Johnson
The fundamental premise in this business is you cannot be stuck in this business. You can buy stocks for the long haul, but if the market breaks down, you're going to suffer. You're going to pay for it.
Hugh Johnson
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Based on Topics: Past QuotesCompared to what we ought to be, we are half awake.
William James
Without a doubt, first thing we should do is clean up our fiscal house, and that starts with balancing our budgets and digging out of this red ink. We cannot expect to continue in this fashion and remain the leader of the free world.
Marcy Kaptur
A person who is gifted sees the essential point and leaves the rest as surplus.
Thomas Carlyle