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July 9, 2013 – Quote of the Day

“People are investing with a rear view mirror. Last year, you had people legitimately scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ought to be thinking about buying high quality stocks,” said Hersh Cohen of Clearbridge Advisors.

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July 8, 2013 – Quote of the Day

“We’ve seen the S&P 500 drop 50% twice in the last decade. That is the new normal”, said Richard Kang of Emerging Global Advisors.

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July 5, 2013 – Quote of the Day

“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.

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July 3, 2013 – Quote of the Day

Favorite headline of the day: “Greece Offers to Pay Back Debt with Giant Horse.”

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July 2, 2013 – Quote of the Day

“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.

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July 1, 2013 – Quote of the Day

“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.

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June 27, 2013 – Quote of the Day

“If the yen goes to ¥150, what does Toyota do to Ford,” said Barry Sternlicht, CEO of the private equity firm, Starwood Capital.

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June 26, 2013 – Quote of the Day

“At some point in 2013, knuckles are going to be turning white, and we’ll see whatever rabbits Ben Bernanke is going to have to pull out of his hat”, said David Rosenberg of Gluskin, Sheff in Associates

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June 25, 2013 – Quote of the Day

“When the fools are dancing, the greater fools are watching,” according to an old Japanese proverb.

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June 24, 2013 – Quote of the Day

“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.”

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June 21, 2013 – Quote of the Day

“Inflation steals from savers, and inflation is the logical consequence of printing too much money,” said Oracle of Omaha, Warren Buffett.

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June 20, 2013 – Quote of the Day

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.

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June 19, 2013 – Quote of the Day

“Successful investing is anticipating the anticipations of others,” said the groundbreaking economist, John Maynard Keynes.

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June 18, 2013 – Quote of the Day

“Chance favors the prepared,” said the great French chemist Louis Pasteur.

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June 17, 2013 – Quote of the Day

“The art of taxation consists of so plucking the goose as to obtain the largest amount of feathers with the smallest amount of hissing,” said Jean-Baptist Colbert, a 17th century French minister of Finance.

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