We might get blindsided by some (hedge fund) announcement that nobody's anticipating, ... You worry about another big bolt out of the blue.
More Quotes from Hugh Johnson:
It is encouraging that the market has been able to hold together. The overall message is that the events in Southeast Asia will in time have an impact on the U.S. economy, but not a major impact in 1998. And that is really good news.Hugh Johnson
Time to dig in and start to go.
Hugh Johnson
I tell my clients to look at the market once a week. It does a lot for your judgment if you take away the day-to-day swings.
Hugh Johnson
The stock market has become modestly overvalued and investors are using a variety excuses to take money off the table. I wouldn't be surprised if the current, corrective phase continues and the market declines another 5 percent.
Hugh Johnson
The market needs to let earnings catch up -- wait until we get closer to the year 2000, when we can feel comfortable that the market is not overvalued. If the market stayed the same while earnings rose, then price-earnings ratios would be so darn high.
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
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Based on Keywords: blindsidedConservatives were griping for decades about liberal media and nobody paid attention. Now, all of a sudden, one news channel has gotten a whole new community of people freaked out.
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We swallow greedily any lie that flatters us, but we sip only little by little at a truth we find bitter.
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There have been a lot of exercises and I've had to force myself to go out for walks even when I didn't feel like it, but apart from that, I am a lot better.
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