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June 30, 2014 – Quote of the Day

“In the last 40 years, our record at predicting where we would use military force next is perfect. We’ve never once gotten it right,” said former Secretary of Defense Robert Gates.

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Quote of the Day – June 27, 2014

“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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Quote of the Day – June 26, 2014

“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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June 25, 2014 – 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 24, 2014 – 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 23, 2014 – 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 20, 2014 – Quote of the Day

“Japan has gone from Paul Volker to Ben Bernanke overnight,” said legendary hedge fund manager, Stan Druckenmiller.

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June 19, 2014 – Quote of the Day

“Asking if Hillary Clinton is going to run for president in 2016 is like asking if John Dillinger is going to rob a bank,” said conservative commentator, Mike Murphy.

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June 18, 2014 – Quote of the Day

“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.

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June 17, 2014 – Quote of the day

“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.

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June 16, 2014 – 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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June 13, 2014 – 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 11, 2014 – Quote of the Day

“I’m long, and I hate it,” said Bob Iaccino of Tethys Partners.

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June 10, 2014 – Quote of the Day

“Tesla (TSLA) is running faster than everyone else, so it’s hard to see how others can close the gap. I think the market smells this,” said Colin Rusch of Northland Capital Markets, and early investor in the Tesla IPO.

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June 9, 2014 – Quote of the Day

“The circulation of confidence is better than the circulation of money,” said president James Madison, America’s fourth president.

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