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July 24, 2014 – Quote of the Day

“Farce reigns and risk aversion rises,” Kit Juckes, global strategist at Societe Generale SA in London, wrote in a note to clients. “The U.S. is still heading towards a shutdown, the Italian government is heading for a confidence vote that probably precedes elections. Yen up, euro down.”

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July 23, 2014 – Quote of the Day

“The Fed is not worried about inflation in the next few years and want growth first, growth second, and growth third. With the stabilization of Europe, the apparent pick up in China, and a US economy still on a reasonable footing, the Fed’s heavy leaning to a growth policy should lead to a pretty favorable […]

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July 22, 2014 – Quote of the Day

“From the first, Istanbul had given him the impression of a town where, with the night, horror creeps out of the stones. It seemed to him a town the centuries had so drenched in blood and violence that, when daylight went out, the ghosts of its dead were its only population.”  said Ian Fleming in […]

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July 18, 2014 – Quote of the Day

“I’d much rather have the Wicked Witch of the East go away. We’d be way better off if we ended quantitative easing real fast so this scapegoat can get behind us,” said Ken Fisher of Fisher Investments.

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July 17, 2014 – Quote of the Day

“This is very bullish for markets. It’s bullish for markets intermediate term. Before, I thought we were in the seventh inning of a four-year bull market. Two waiters just came in and delivered another punch bowl. We’re going into extra innings, baby,” said Stanley Druckenmiller of hedge fund Duquesne Capital Management.

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July 15, 2014 – Quote of the Day

“The barriers to Wall Street are quite low, once you have the Ivy League credentials. If you’re a certain kind of kid who doesn’t actually know anything about anything, Wall Street is still a great place to go,” said Michael Lewis, author of “The Big Short.”

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July 14, 2014 – Quote of the Day

“Successful investing is about people agreeing with you….later,” said Jim Grant of Grants Interest Rate Observer.

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July 11, 2014 – Quote of the Day

“The economy without debt is like major league baseball without steroids,” said Jack Ablin, chief investment officer of BMO Private Bank.

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July 10, 2014 – Quote of the Day

There are many companies in the US that are running out of time because of leverage. There is still $1 trillion in distressed or defaulted debt. Any company that could refinance has already done so. For all those companies that couldn’t refinance, their going to be hitting a wall this year or next year,” said […]

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July 9, 2014 – Quote of the day

“A big part of good investing is to buy uncertainty and sell complacency,” said Robert Luna, CEO of SureVest Capital Management.

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July 8, 2014 – Quote of the Day

“Few people think more than two or three times a year; I have made an international reputation for myself by thinking once or twice a week,” said the Irish Nobel Prize winning playwright and cofounder of the London School of Economics, George Bernard Shaw.

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July 7, 2014 – Quote of the Day

There is tremendous amounts of money sitting on the sidelines. There is enormous M&A activity. The greatest thinkers in the corporate world are saying that it is cheaper to buy than to build. This says to me that the stock market still has value in it. We’re a long way from expensive,” said Milton Ezrati […]

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July 4, 2014 – Quote of the Day

“Everybody has a plan until they get punched in the nose,” said former heavyweight champion, Mike Tyson.

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July 3, 2014 – Quote of the Day

“Something is going to be passed by the congress. The only question is, will it happen before, or after a bond market crisis. There’s no alternative,” said Dr. Alan Greenspan, former chairman of the Federal Reserve.

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July 2, 2014 – Quote of the Day

“We have few, if any spare tires left,” said Mohamed El-Erian, CIO of mega bond house PIMCO, about the nail studded road ahead for the US economy.

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