Sep 29, 2011

Hugh Johnson: "You just can’t make the case for a bear market and a recession"

The economic numbers have been anemic but not negative, you just can’t make the case for a bear market and a recession... This may turn out to be a correction, although a severe one, in an ongoing bull market, accompanied by a soft patch in the economy.

~ Hugh Johnson, chairman of Hugh Johnson Advisors, "U.S. stocks erase gains; money moves to defense," MarketWatch.com, September 29, 2011

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