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.
More Quotes from Hugh Johnson:
Obviously the situation turns very heavily on interest rates,Hugh Johnson
That's pretty good news because it means investors did not become defensive. They remain optimistic,
Hugh Johnson
It seems so tied to the price of oil, that it's very hard to forecast what stocks will do next. On balance the message of the markets for the last nine trading sessions, including today, seems to have shifted to say that the price of oil is taking a chunk out of consumer spending.
Hugh Johnson
It's good news that the durable goods orders were stronger than expected, but those are August numbers and probably don't carry that much weight,
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 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
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Based on Topics: Investment QuotesBased on Keywords: grail
And you must dare to do as many things as you dream of.
Nastassja Kinski
Thou hast created us for Thyself, and our heart is not quiet until it rests in Thee.
Saint Augustine
I never ask a man what his business is, for it never interests me. What I ask him about are his thoughts and dreams.
H. P. Lovecraft