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October 10, 2013 – Quote of the Day

“There is no need to avoid temptation. As you get older, temptation prefers to avoid you,” said the wartime prime minister,” Winston Churchill.

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October 9, 2013 – Quote of the Day

It amazes me how quickly amnesia sets in,” said Stephen Crawford, former co-president of Morgan Stanley, about the willingness of hedge funds to re-leverage positions in these conditions.

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October 8, 2013 – Quote of the Day

“Freedom of the press is only true if you own a press,” said A.J. Liebling, a famed journalist for the New Yorker.

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October 7, 2013 – Quote of the Day

“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.

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October 4, 2013 – Quote of the Day

“To get rich is glorious!” said Deng Xiaoping, the Chinese general who launched the country’s modern economy in the seventies.

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October 3, 2013 – Quote of the Day

“I’m so done with the Fed,” said exasperated CNBC market commentator, Maria Bartiromo.

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October 2, 2013 – Quote of the Day

“Apple is the biggest no brainer in the history of the earth. It just makes no sense for it to trade where it is; seven times enterprise value to free cash flow, 14% free cash flow yield to enterprise value, and 10% simple free cash flow yield. If Apple were a junk bond it would […]

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October 1, 2013 – 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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September 30, 2013 – Quote of the Day

“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.”

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September 27, 2013 – Quote of the Day

“The short message from the Fed is that they’re afraid of congress,” said Boris Schlossberg of BK Asset Management.

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September 26, 2013 – Quote of the Day

“Kamikaze missions are rarely successful, least of all for the pilots,” said Robert Gibbs, former White House Press Secretary.

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September 25, 2013 – 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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September 24, 2013 – 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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September 23, 2013 – 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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September 20,2013 – 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, about the Fed’s decision […]

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