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July 17, 2013 – Quote of the Day

“It’s a bit like looking for gold in a minefield,” said Fidelity International’s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country.

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July 16, 2013 – Quote of the Day

Sometimes you need the man behind the curtains to be the Great Oz,” said Drew Mattis, the senior economist at UBS.

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July 15, 2013 – Quote of the Day

“Never again will the dollar be held hostage in the hands of speculators,” said President Richard Nixon when he took the US off the gold standard in 1971. The Dow Average posted its largest point gain in history the next day.

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July 12, 2013 – Quote of the Day

“The investor in America sits at the bottom of the food chain,” said John C. Bogle, founder of the Vanguard Group of index funds.

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July 11, 2013 – Quote of the Day

“We cannot continue to run trillion dollar deficits and remain a powerful nation,” said Leon Panetta, the former Director of the CIA

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July 10, 2013 – 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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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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