Hugh Johnson Investors Quotations

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.

Momentum investors are looking for something that works. What works is technology.

One message we get is that the stocks people buy when they're scared -- basic materials, beverages, foods -- did not do as well. Investors are more optimistic about the economy.

Four days ain't enough, ... It's still too soon for investors to jump back on board until you get more confirmation from the stock market. We've had so many false starts before.

There are no real hiding places, ... But I would tell investors they shouldn't get too scared by what's happening. Don't forget that 70 percent of the time, stocks are going up. I don't know where the market is going in 30 days, but I know where it's going in 30 years.

I think what the half-point cut showed was that the Fed for the first time appears to be taking the situation very seriously. I think investors are also still mulling the move and thinking what is it the Fed knows that they don't know. Could it be worries about a double-dip and deflation? It's this uncertainty, among other factors, that's the reason why we're down today.

I think the yield has worried investors. Some investors believe that it's a signal that a recession lies ahead. I believe that is a faulty interpretation.

Large is the place to be. The market has been rewarding investors in large cap, and rewarding investors on a relative basis in mid cap, but quite frankly, it is an on-again/off-again type of thing with the small cap, and the small cap is not a place to go. The market is not signaling to me that you should play it on the small cap side, mid cap is fine, large cap is definitely the place to be.

Usually, when you have a stock market mania, it's driven largely by individual investors borrowing money to buy stocks at prices that are too high. And usually, when a bubble becomes unwound, it's because of margin calls.

When you see buying in that (technology) sector in a bear market, it implies that there are investors out there who see improvement around the corner, and it's usually technology and cyclical stocks that lead the market out of a downtrend. The bias towards Friday's data may be that the data will be consistent with the view that the economy is showing some expansion.

We are gradually, slowly building investor confidence that the profit recession will end, ... What's leading to the bullishness is not anything you are currently looking at. Earnings are dismal, but investors are becoming more optimistic that the profits recession will end.

The question I get asked a lot is what's it going to take to get investors back in the game. One is leadership, for the President to take some steps and make some statements that show he's ahead of the curve.

There are a growing number of investors who believe the market has hit bottom. Investors with cash are feeling pressure to get in. Good markets beget good markets.

What's driving the market is speculation. You put together actual year earnings, you also calculate price-to-earnings multiples right now and what investors are paying for is really out of whack. It's too high.

You have to be careful about prejudging this - I've seen so many investors burned at the stake thinking things like 'Value is about to come back,' ... Let the market tell you what to do. Don't tell the market what to do.

You had a pretty good move in biotech this year, and biotech really has quite frankly lifted the health care and the drug stocks recently because investors have become somewhat defensive -- say in the last month or so -- and have also, on a relative basis, performed fairly well.

There's no news, nothing I see on the immediate horizon, next week, that would shake the market out of its current malaise or end the summer doldrums. There are so many things to worry about, and investors are therefore sitting on their hands, not making any new, major commitments.

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.

As long as the price of oil remains above $65 a barrel, investors are going to be very guarded and volume low.

It's a trading rally, and not much more than that. If there's anything you can hang your hat on, it's that with every passing day, some investors become convinced that there's not going to be any serious fallout or damage to the economy or earnings due to the hurricanes.

That's pretty good news because it means investors did not become defensive. They remain optimistic,

It's a migration toward value as a reflection that investors believe the growth rates of earnings are slowing. It will continue until investors are convinced that the Fed will take its foot off the break, or reduce interest rates.

They come to me because they want special treatment, ... There is nothing that irritates substantial investors more than paying taxes.

The consumer price index rise was very modest. It suggests, as I think many of us have been forecasting, that inflation is in the process of moderating. The good news is investors can feel somewhat more comfortable about monetary policy.

If there's no bounce, it's investors saying that the market has not reached a level that accurately reflects what's ahead for the economy and earnings.

Investors become very guarded at the point that they think oil prices could take a chunk out of economic growth,

The economy and the growth rate of earnings will slow, ... There's a good chance that investors will continue to do what they've always done. They will migrate to the safer segments of the market.

The gains in those sectors is very good news. Investors are buying into riskier areas and it shows they're more optimistic about the economy and earnings.

The gains in those sectors is very good news, ... Investors are buying into riskier areas and it shows they're more optimistic about the economy and earnings.

The markets are getting a little nervous . On balance, investors want to see this president and the tax cuts preserved.