286 ordspråk av Hugh Johnson
Hugh Johnson
These are the really important numbers because they give us a first look at January, and they include leading indicators.
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These numbers were highly impacted if not distorted by Hurricane Katrina.
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These stocks are so extraordinarily overvalued, and a lot of debt was built up to buy them. Everybody became a believer and had to be on board.
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They [bears] tend to last nine months or longer.
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They [the leading indicators] have been rising for four successive months and given time, those (six) Fed rate cuts are going to kick in and we'll have better economic activity.
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They are going to be looking back on the last two weeks and noticing the small caps have come back to life.
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They come to me because they want special treatment, ... There is nothing that irritates substantial investors more than paying taxes.
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They tend to be like sheep. They are followers. It's called piling on in football, and I think it's the equivalent. It's unprecedented.
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This has been a very powerful earnings season and that's what's been driving the market.
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This is a good time [for review].
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This is a market that's become very, very defensive, ... One thing I noticed is a move back to the defensive side.
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This market is trying to rally. If the Fed reduces interest rates by 50 basis points, it will touch off a rally, but if we get a rally it will be guarded.
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This thing that bothers me is you get into markets like this and they can go from being overvalued to extremely overvalued,
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Those [stock-market] returns will be much better than the alternatives. You name it, gold, bonds, cash -- stocks are still likely to be the best performing asset class for the next five years.
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Those are some 'old economy' picks. But a lot of those companies, quite frankly, look very 'new economy' to me, lately.
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