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October 31, 2012 — Quote of the Day.

“It is not the strongest of the species that survives, nor the most intelligent, it is the one that is the most adaptable to change,” said the discoverer of evolution, Charles Darwin  

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October 31, 2012 — Quote of the Day.

“A lie can travel half way around the world before the truth gets its boots on,” said the 19th century humorist, Mark Twain.

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October 30, 2012 — Quote of the Day.

“The Black-Scholes model of options pricing dramatically misprices options at secular turning points,” said Kyle Bass of hedge fund Hayman Capital Management.

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October 29, 2012 — Quote of the Day.

“Anyone who has a yearend price target is a fool,” said Jack Bogle, founder of the Vanguard index funds.

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October 26, 2012 — Quote of the Day.

“What is there to come home to roost? This isn’t the Weimar Republic. When they had problems, they were running a budget deficit of 180% of GDP. Our budget deficit is 9% of GDP,” said hedge fund legend Ron Baron, chairman of Baron Capital  

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October 24, 2012 — Quote of the Day.

“The one bright spot during the quarter was that cyanide demand was up,” said Dow Chemical (DOW) in its recent earnings report, according to Reuters News.  

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October 23, 2012 — Quote of the Day.

“You now have someone who is the head of the Federal Reserve and the European Central Bank, Ben Bernanke and Mario Draghi, who are stars. It is like having Babe Ruth and Lou Gehrig on your baseball team. They are committed to avoiding a Depression,” said hedge fund legend Ron Baron, chairman of Baron Capital. […]

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October 22, 2012 — Quote of the Day.

“Over the long term, all of the fiat currencies of the world are involved in a competitive devaluation. The structural stresses in most of the western economies are such that centrals banks will attempt to continue to substitute liquidity for solvency.” said Rick Rule, chairman of Sprott U.S. Holdings, a precious metals specialist.

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October 19, 2012 — Quote of the Day.

“It’s been a disaster for anyone trying to trade momentum in the euro. More money has been buried in the currency graveyard over the past month-and-a-half from people trying to trade the euro one way or the other than any other trade,” said Boris Schlossberg of BK Asset Management.

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October 18, 2012 — Quote of the Day.

“The U.S. housing market is played out. It’s not going to go up, but it’s not going down either. Everyone who has ever thought about buying a house has already bought a house. You still have to flush the shadow inventory, which is still pretty high,” said Kyle Bass of hedge fund Hayman Capital Management. […]

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October 17, 2012 — Quote of the Day.

“The market absolutely loves postponed apocalyptic scenarios,” said Ed Yardeni of Yardeni Research.  

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October 16, 2012 — Quote of the Day.

“I would say that you’ve had a generation’s worth of experience in the last five years,” said Morgan Stanley large cap bank analyst, Betsy Grasek.

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October 15, 2012 — Quote of the Day.

“Hello, 911? There is an old man beating a child on my TV,” said comedian Bill Maher about the vice presidential debate.

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October 12, 2012 — Quote of the Day.

“The fiscal cliff is not going to happen. Sequestration never works because politicians are in charge,” said Kyle Bass of hedge fund Hayman Capital Management.  

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October 11, 2012 — Quote of the Day.

“Going into yearend you not only have performance risk, you have bonus risk, and ultimately job risk,” said Jeffrey Saut of Raymond James.  

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