Hugh Johnson Ahead Quotations

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.

Technology stocks have been leaders for good reason. The economy is growing 3.5 percent per year, while spending on information-processing equipment is growing 19.1 percent a year, after inflation. And spending on computers and peripherals is growing at a 41.1-percent rate. Technology is reflecting what lies ahead for the economy.

Technology stocks have been leaders for good reason, ... The economy is growing 3.5 percent per year, while spending on information-processing equipment is growing 19.1 percent a year, after inflation. And spending on computers and peripherals is growing at a 41.1-percent rate. Technology is reflecting what lies ahead for the economy.

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.

The markets are moving to more reasonably reflect expectations for what lies ahead in 2005.