We need to watch the Japanese parliament and see if they do anything about their banking crisis.
More Quotes from Hugh Johnson:
I think we've seen technology take a tumble a number of times and come right back. Most professional money managers look at a technology slump as a buying opportunity.Hugh Johnson
Hugh Johnson, chief investment officer at First Albany, suggested that fear -- as much as fundamentals -- is driving the market to levels once considered out of reach. It's a vicious circle, ... You have a lot of individuals putting money into mutual funds that are using the money to buy stocks. You're simply afraid to be out of the market. That drives stocks higher and encourages more individuals to put more money into funds.
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
I get worried about so much optimism and the fact that the market is overvalued,
Hugh Johnson
As the transition from the bond business to the stock business takes place, the stock business needs to recover.
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
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It ain't nothin' till I call it.Bill Klem
A lot of people attack the sea, I make love to it.
Jacques Yves Cousteau
You're not allowed to step out of whatever the rules are, politically, or socially, and they'll get you for it, they'll hunt you down. That's the really frightening thing.
Timothy West