Morning Stock Talk - Johnson: Uncertain markets

Recent Wall Street volatility suggests "a lot of uncertainty." So says Hugh Johnson, the chairman at Johnson Illington Advisors. He tells Steve Potisk "investors are responding everyday to the news." And he says "that means that their views of what lie ahead for the economy and earnings tend to change everyday." According to Johnson, investors are dealing with an economy that may not be in an official recession, but is weak. He says "if you look at all the economic variables collectively," they have been in decline since last October.

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Dow Jones' MarketWatch Morning Stock Talk discusses the big stock movers, economic data and investment trends with Wall Street's top analysts, strategists and traders. Hear about what's driving the stock market from those in the know..