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Letter "H" » Hugh Johnson Quotes
«We did have a little rain last Friday and Saturday, but this is the biggest rainfall we've had in months.»
«This has been a very powerful earnings season and that's what's been driving the market.»
«We started the day on a very upbeat note...[but] the rise in oil prices continues to haunt investors.»
«Ordinarily you would expect the stock market to rise or do better, but it's not, and I think the reason it's not is it's being held in check by high oil prices.»
«I don' think we are ready for a major move,»
«The price is down some, but it's clear that oil is at a level that raises serious questions about the U.S. economy and earnings going forward.»
«Investors become very guarded at the point that they think oil prices could take a chunk out of economic growth,»
«As long as the price of oil remains above $65 a barrel, investors are going to be very guarded and volume low.»
«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.»
«What we're seeing from Lehman is that market conditions improved through the summer, and that conditions are likely to continue improving. That's showing up in the earnings and in the detail of their reports.»