Hugh Johnson Quotes
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. 
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Good | News | Durable | Goods | Orders |
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Ordinarily, we would have a technical bounce at this level. But then the question is, have you seen a bear market bottom? I don't know if we have at this point.
- Hugh Johnson
You know, we had four great years because we had declining inflation and interest rates. There's been a sea change. We now have inflation and interest rates actually heading higher. That makes things entirely different - you can't get away with high-priced earnings or overvalued stocks and so we're going through this adjustment to a new reality.
- Hugh Johnson