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August 12, 2014 – Quote of the Day

“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.

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August 11, 2014 – Quote of the Day

“Confidence is like oxygen. You don’t notice until it’s gone, and then it’s the only thing you notice,” said Oracle of Omaha, Warren Buffet.

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August 8, 2014 – 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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August 7, 2014 – 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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August 6, 2014 – Quote of the Day

“The liftoff date for the economy has been forward,” said president of the Dallas Federal Reserve, Richard Fisher.

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August 5, 2014 – Quote of the Day

“Investing now is like taking a shower while Norman Bates is somewhere in your house,” said Jim McTague, a journalist at Barrons.

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August 4, 2014 – 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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August 1, 2014 – Quote of the Day

“Cream is not the only bovine product that rises to the top in a bull market,” said Roger McNamee, managing director of Elevation Partners.

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July 31, 2014 – Quote of the Day

“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.

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July 30, 2014 – 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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July 29, 2014 – 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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July 28, 2014 – Quote of the Day

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.

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July 25, 2014 – 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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July 24, 2014 – 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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July 23, 2014 – 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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