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.
More Quotes from Hugh Johnson:
There's an old adage on Wall Street bull markets climb a wall of worry. Needless to say, there are a lot of worries out there.Hugh Johnson
Yes, it creates volatility around the world when they pounce. As a small investor, you should keep an eye on hedge fund activityIt's going to be a part of our financial landscape. You're going to have to live with that.
Hugh Johnson
It injects some uncertainty. The worry is the Chinese economy will slow too much, and that will send markets down worldwide.
Hugh Johnson
We had a very solid move up in stocks in the first quarter. There's a good chance that what the markets will be left with is a great deal of uncertainty or even the belief that more rate increases are coming.
Hugh Johnson
It's too speculative. I hope that we get an correction soon, it's unhealthy.
Hugh Johnson
As the transition from the bond business to the stock business takes place, the stock business needs to recover.
Hugh Johnson
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