August 28, 2015 – Quote of the Day

Bathtub

“The market is like a bathtub. Money is sloshing from one sector to another, but it is not leaving,” said strategist Louis Navellier, of Navellier Associates. … [Read more...]

August 27, 2015 – Quote of the Day

Donald Trump

“They are energetic. They are very smart. But a lot of them—they are paper pushers. They make a fortune. They pay no tax. It’s ridiculous, OK?” said presidential candidate, Donald Trump. … [Read more...]

August 25, 2015 – Quote of the Day

Desert

“The money pouring out of the emerging markets is not bad for the US. We are the oasis in this situation,” said strategist Louis Navellier, of Navellier Associates. … [Read more...]

August 24, 2015 – Quote of the Day

Mountain

“We are going to be working off backlogs of construction, mining, oil, and gas for years,” said my friend, famed short seller Jim Chanos of Kynikos Associates. … [Read more...]

August 21, 2015 – Quote of the Day

“It’s not overly frightening to have the Fed move away from massive accommodation. I think the market may struggle, but it is not a death blow,” said James Paulson, chief investment strategist at Wells Fargo Asset Management. … [Read more...]

August 19, 2015 – Quote of the Day

Man-Tired with Dollar Signs

“When a manager with a reputation for brilliance takes a business with poor fundamental economics, it is the reputation of the business that remains intact,” said oracle of Omaha, Warrant Buffett. … [Read more...]

August 17, 2015 – Quote of the Day

Caveman

“It doesn’t take Herculean assumptions to get to $125 for S&P 500 earnings this year. Slap a 16 multiple on that, and you get 2,000 for the index,” said Brian Jacobson of Wells Fargo Advantage Partners. … [Read more...]

August 14, 2015 – Quote of the Day

Handcuffed

“Financial repression seems to be working. The Fed is pushing everyone into riskier assts. Stocks are the obvious place for that, and it’s driving valuations ever higher,” said Curt Custard, of UBS Asset Management. … [Read more...]

August 12, 2015 – Quote of the Day

Woman Runner

“The speed of change has accelerated tremendously. What used to happen in three years now happens in three months,” said my friend, Hewlett Packard CEO, Meg Whitman. … [Read more...]

August 10, 2015 – Quote of the Day

Woman - Shopping Bags

“There’s nothing but tailwinds behind the American consumer. You’re creating a boatload of jobs, you’re creating all kinds of jobs. Wage growth is accelerating. The stock market is at record highs. The debt service burden is as low as it has ever been. And consumer confidence is back to pre recession levels,” said Mark Zandi, chief economist at Moody’s Analytics. … [Read more...]

August 7, 2015 – Quote of the Day

Bull-Bear Statue

“The lack of complacency is at odds with the view that the market has peaked—peaks are turned in when every last bear has thrown in the towel, and the bulls are screaming to buy from the roof tops,” said David A. Rosenberg, of research boutique Gluskin Sheff. … [Read more...]

August 4, 2015 – Quote of the Day

Baseball

“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. … [Read more...]

July 30, 2015 – Quote of the Day

girl with money

If you can get a dividend higher than the yield on ten-year debt, it’s an opportunity we haven’t seen in our lifetime. On a five-year horizon, investing in large multinationals with high dividends will have a large payday,” said Lawrence Fink, CEO of BlackRock. … [Read more...]

July 29, 2015 – Quote of the Day

Sinking Ship - Titanic

“Everything is expensive now. Worries about the future can cause safe assets to become highly priced….I call it the “Titanic Effect.” When the Titanic was going down, people would pay a fortune for anything that floats. We may be in a Titanic situation now,” said my buddy, Nobel Prize winner Robert Shiller. … [Read more...]

July 28, 2015 – Quote of the Day

Hot Air Balloon

“Half of the global economy is in recession. Euroland is, Russia certainly is, and all of South America is. Add them all up, and North America is the only decent 2.5% growth area in the world. Rates are going down, not only because of the absence of global growth, but because inflation is very, very low,” said Bill Gross, CEO of bond giant PIMCO. … [Read more...]

July 24, 2015 – Quote of the Day

Skeletons - Bones

“Who knew the blockbuster this year would be a horror show,” said Tony Crescenzi, market strategist and portfolio manager at bond giant, PIMCO. … [Read more...]

July 23, 2015 – Quote of the Day

Roses-Dead-Wilted

“The Obamacare website, had technical issues all week because of too much web traffic. You can't campaign on the fact that millions don't have health care and then be surprised that millions don't have health care. How could you not be ready? That's like 1-800-FLOWERS getting caught off guard by Valentine's Day,” said a comedian on Saturday Night Live. … [Read more...]

July 21, 2015 – Quote of the day

money

“Green technology is one of the best investment opportunities we’ve ever seen. We are used to seeing billion dollar market opportunities. Here, we’re seeing a trillion dollar opportunity.” said venture capitalist Steve Jurvetson. … [Read more...]

July 20, 2015 – Quote of the Day

Policeman - Woman - Ticket

“If a cop follows you for 500 miles, you’re going to get a ticket,” said Oracle of Omaha Warren Buffet, in reference to Bank of America’s many legal problems. … [Read more...]

July 17, 2015 – Quote of the Day

united

“Take 200 round trips to Australia, and you really start to rack up the miles,” said Tom Stoker an automotive sales analyst who just surpassed 10 million frequent flier points on United Airlines. It makes my own 1 million miles seem puny by comparison.   … [Read more...]

July 16, 2015 – Quote of the Day

Rudyard Kipling

“I keep six honest serving men. (They taught me all I knew); Their names are What and Why and When and How and Where and Who.” said the writer, Rudyard Kipling. … [Read more...]

July 14, 2015 – Quote of the Day

Screwed - Cartoon

“If they don’t screw things up in Washington, stocks here are undervalued. If they do, then stocks are overvalued,” said hedge fund manager, David Tepper, of Appaloosa Management. … [Read more...]

July 10, 2015 – Quote of the Day

Stop Watch

“For several decades on Wall Street, the short term sensibility has been encouraged and compensated very highly,” said Michael Lewis, author of “The Big Short.” … [Read more...]

July 7, 2015 – Quote of the Day

dice

“Free choice is not relevant in financial markets because there are too many players. A stock with a million holders is much more predictable than one with five,” said Charles Nenner, of Charles Nenner Research in Amsterdam. … [Read more...]

July 1, 2015 – Quote of the Day

Isaac Newton

“I can calculate the motions of heavenly bodies, but never the madness of crowds,” said Sir Isaac Newton, the inventor of calculus and discoverer of Newton’s Laws, who lost his entire fortune in a 17th century investment scam called “the south Sea Bubble.” … [Read more...]

June 30, 2015 – Quote of the Day

Father & Son-doors

Sometimes we stare so long at a door that is closing that we see too late the one that is open,” said Alexander Graham Bell, inventor of the telephone. … [Read more...]

June 26, 2015 – Quote of the Day

Wicked Witch

“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. … [Read more...]

June 25, 2015 – Quote of the Day

Woman-Anxiety

“There’s a lot of performance anxiety out there right now. There’s nothing worse than sitting on cash watching a market go up double digits,” said Tom Lee, chief US equity strategist of JP Morgan. … [Read more...]

June 24, 2015 – Quote of the day

Woman in glasses

“The stock market is one of those things that looks better the more expensive it gets,” said Barbara Marcin, portfolio manager of the Gabelli Dividend Growth Fund. … [Read more...]

June 23, 2015 – Quote of the Day

gravity

“We are still in the gravitational pull of the Great Recession. I would have to put the likelihood of a double dip recession now up to 50%,” said my old UC Berkeley economics professor, Robert Reich. … [Read more...]

June 22, 2015 – Quote of the Day

Blowing Bubbles

“If there were no way to short stocks, the probability of stock market bubbles would be much greater,” said hedge fund manager, Bill Ackman, of Pershing Square. … [Read more...]

June 18, 2015 – Quote of the Day

Surfer

“You are either looking out five days or five years in this market. You’re either a surfer or a yacht. There are no small boats anymore,” said Bob Iaccino, a trader at Yourtrading room.com. … [Read more...]

June 12, 2015 – Quote of the Day

Hillary Clinton

“Some in the media have quoted me using a four letter word to dismiss the Correspondents’ dinner as a concern. I have not sought a correction,” said former Secretary of State and presidential contender, Hillary Clinton. … [Read more...]

June 11, 2015 – Quote of the Day

Man holding nose

“Revenues stink in the banking area. This decade will be the worst for revenue growth since the Great Depression,” said Mike Mayo, the controversial banking analyst at the Asian broker and research house, CLSA. … [Read more...]

June 10, 2015 – Quote of the Day

Financials Knife in Hand

“The stupid market cliché about catching a falling knife is actually happening now. This is a falling knife. You have to look at the market as a hot air balloon. You only want to grab it as it is going up. I don’t think dollar cost averaging is the plan here,” said Bob Iaccino at Traderoutlook.com. … [Read more...]

June 9, 2015 – Quote of the Day

Masks

“It’s a manic depressive economy. Every other month we decide we might be in a recession,” said Kevin Hassett of the American Enterprise Institute. … [Read more...]

June 2, 2015 – Quote of the Day

Ronald Reagan

“There were three things the Russians were afraid of: AIDS, Jewish people, and Ronald Reagan. They were afraid he was going to push the button,” said KGB defector, Jack Barsky. … [Read more...]

June 2, 2015 – Quote of the Day

Michelangelo's David

In Italy, for 30 years under the Borgias, they had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland they had brotherly love, they had 500 years of democracy and peace - and what did that produce? The cuckoo clock,” said the filmmaker, Orson Wells. … [Read more...]

June 1, 2015 – Quote of the Day

Sugar

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 senior economist and market strategist for money management giant, … [Read more...]

May 29, 2015 – Quote of the Day

20141230-4

"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 environment for the markets," said legendary hedge fund manager, David … [Read more...]

May 28, 2015 – Quote of the Day

Fortune Cooke You're Fired

“The longer you wait to fire someone, the longer it has been since you should have fired them,” said Elon Musk, founder and CEO of Space X and Tesla Motors. … [Read more...]

May 27, 2015 – Quote of the Day

Man Mirror

“The most important thing in investing is to know yourself, your weaknesses, your flaws and your strengths,” said the legendary stock operator, Jesse Livermore. … [Read more...]

May 26, 2015 – Quote of the Day

Man Egg on Face

“The idea that somehow you are going to exit the most accommodative Fed policy in history, without breaking a few eggs is delusional,” said Josh Dan Greenhouse of BTIG Capital. … [Read more...]

May 22, 2015 – Quote of the Day

Ocean - Lighthouse

“Getting information off the internet is akin to trying to sweep back the ocean with a broom,” said Ray Kurzweil, director of engineering at Google. … [Read more...]

May 21, 2015 – Quote of the Day

Warren Buffett

“Most of the time, stocks are in a zone of reasonableness. I think stocks are reasonable now,” said Oracle of Omaha, Berkshire Hathaway’s Warren Buffett. … [Read more...]

May 18, 2015 – Quote of the Day

Girl Hiding

“When companies don’t want you to look at traditional metric, it is usually a good time to look at traditional metrics,” said hedge fund genius David Einhorn, of Greenlight Capital. … [Read more...]

May 19, 2015 – Quote of the Day

Jim Carrey

“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.” … [Read more...]

May 15, 2015 – Quote of the Day

Yoda

“If you’re early on in your career, and they give you a choice between a great mentor or higher pay, take the mentor every time. It’s not even close. And don’t even think about leaving that mentor until your learning curve peaks,” said legendary hedge fund trader Paul Tudor Jones. … [Read more...]

May 13, 2015 – Quote of the Day

Pearl in Oyster

“Forget what you know about buying fair businesses at wonderful prices. Instead, buy wonderful business at fair prices,” said Oracle of Omaha, Warren Buffett. … [Read more...]

May 7, 2015 – Quote of the Day

Acrobats

“Wall Street’s denizens are always ready to suspend disbelief when dubious maneuvers are used to manufacture rising per-share earnings, particularly if these acrobatics produce mergers that generate huge fees for investment bankers,” said Oracle of Omaha, Warren Buffett. … [Read more...]

May 5, 2015 – Quote of the Day

Auction Signs

“As successful as solar has become, there was a bloody road of corporate carnage to get there,” said Joel Makower, chairman of the GreenBiz Group. … [Read more...]

May 4, 2015 – Quote of the Day

Barber-Shave

“Sitting tight is seldom recommended by Wall Street. Don’t ask the barber whether you need a haircut,” said Oracle of Omaha, Warren Buffet. … [Read more...]

April 29, 2015 – Quote of the Day

Woman-Panic

“It is entirely predictable that people will occasionally panic, but not at all predictable when this will happen,” said Oracle of Omaha, Warren Buffet. … [Read more...]

April 28, 2015 – Quote of the Day

apple logo

“Apple really has become “the” stock. People used to say “Whatever is good for GM is good for the country. Apple is now that stock. The market will continue to be a good market as long as Apple is a good stock,” said Roger McNamee of venture capital firm Elevation Partners. … [Read more...]

April 27, 2015 – Quote of the Day

Roach

“In the world of business, bad news often surfaces serially: You see a cockroach in your kitchen; as the days go by, you meet his relatives,” said oracle of Omaha Warren Buffett. … [Read more...]

April 24, 2015 – Quote of the Day

Preacher

“Though the preachers of pessimism prattle endlessly about America’s problems, I’ve never seen one who wishes to emigrate (though I can think of a few for whom I would happily buy a one-way ticket), said Oracle of Omaha Warren Buffet. … [Read more...]

April 21, 2015 – Quote of the Day

Roller Coaster

“My experience in business helps me as an investor, and my investment experience makes me a better businessman,” said Oracle of Omaha, Warren Buffett. … [Read more...]

April 14, 2015 – Quote of the Day

Bear Crossing

“We are not going to get the returns in the next five years that we got over the last five years,” said Ed Keon, managing director of Quantitative Asset Management. … [Read more...]

April 13, 2015 – Quote of the Day

Dinasaur

“Whenever I hear someone in finance say that a one in two billion year event just happened, I say that you just demonstrated you have a model for measuring tail risk that isn’t any good,” said former Treasury Secretary and Harvard University President Larry Summers. … [Read more...]

April 10, 2015 – Quote of the Day

Hot Air Balloon

“There is nowhere in the industrialized world where bond markets are looking for more than 2% inflation or more than 1% real interest rates over the next decade,” said former Treasury Secretary Larry Summers. … [Read more...]

April 9, 2015 – Quote of the Day

Woman Backpacker

“The central bank trade has been very fulfilling, but if you are going to play it now, do it aboard,” said Mohamed El-Erian, for co-CEO of bond giant PIMCO. … [Read more...]

March 31, 2015 – Quote of the Day

Girl Tight Jeans

“The time to worry about the Fed is not when they go from accommodative to neutral, it is when they go from neutral to tight,” said Bill Miller the legendary former chairman and CIO of Legg Mason Capital Management. … [Read more...]

March 30, 2015 – Quote of the Day

Animial Trap

“We’re in a secular bull market for the dollar. …A strong dollar is a natural consequence of America emerging from a liquidity trap, while Europe and Japan are still stuck in one. The dollar is a growth stock, and growth stocks over time outperform utilities,” said Paul McCulley, formerly the chief economist at bond giant PIMCO. … [Read more...]

March 27, 2015 – Quote of the Day

Sale

“If the dollar stays up here, a lot of companies are going to have to re price their products. Very few firms have the pricing power of Apple,” said my friend, Dan Niles, of Alpha One Partners. … [Read more...]

March 26, 2015 – Quote of the Day

Theodore Roosevelt

“In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing,” said President Theodore Roosevelt, whose oldest daughter, Alice Roosevelt Longworth I once met. … [Read more...]

March 25, 2015 – Quote of the Day

Peter Lynch

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost by corrections themselves,” said the legendary Fidelity money manager, Peter Lynch, who once told me I was the dumbest broker he had ever met. … [Read more...]

March 19, 2015 – Quote of the Day

Janet Yellen.

“Just because we removed the word “patient” doesn’t mean that we are going to be impatient,” said my friend, Federal Reserve Chairman Janet Yellen. That is pure Janet. I feel like I’m back at Berkeley. … [Read more...]

March 11, 2015 – Quote of the Day

Chinese Military

“If you can’t beat your Chinese competitor in China and win there, you will lose all the markets your like,” said David Cote, CEO of Honeywell.   … [Read more...]