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.
More Quotes from Hugh Johnson:
One of the most important signs of a bull market is when the bull market manages very, very bad news like we've had today. So in that sense, you've got a very encouraging performance today.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
Everybody is waiting for the employment report on Friday. The belief is that the economy is rebounding from the sluggish fourth quarter. We will know on Friday.
Hugh Johnson
There are no real hiding places, ... But I would tell investors they shouldn't get too scared by what's happening. Don't forget that 70 percent of the time, stocks are going up. I don't know where the market is going in 30 days, but I know where it's going in 30 years.
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
It looks pretty much like it's going to be George Bush. I think it's sort of a sense of relief that that's behind us, and I think more importantly, it's really getting rid of all that kind of uncertainty. But we also know that regardless of who's the winner, we're not going to see much in the way of fiscal policy or fiscal stimulus coming out of the next Congress or Washington.
Hugh Johnson
Readers Who Like This Quotation Also Like:
Based on Topics: Moderation & Temperance Quotes, Work & Career QuotesThe ultimate of being successful is the luxury of giving yourself the time to do what you want to do.
Leontyne Price
The stardom thing happened and now I'm trying to make a comeback, if you want to call it that.
Leif Garrett
The thing is, the studio then forget that you're an actor and that you can do other things, and so since they pay you for that, they don't want you to do anything else.
Charles S. Dutton