Archive | Quote of the Day RSS feed for this section

October 3, 2012 — Quote of the Day.

“The word is now that they are going to keep their foot on the accelerator well into the recovery. Not only are they wishing for high inflation, they are targeting high inflation,” said my friend Mohamed El-Erian, CEO of bond giant PIMCO.

Read full story Comments are closed

October 2, 2012 — Quote of the Day

“Gold is my cash. Over the long term it is not the best investment. But when you are having a monetary crisis it should be part of every portfolio,” said hedge fund legend, Ray Dalio of Bridgewater Associates.

Read full story Comments are closed

October 1, 2012 — Quote of the Day.

“Quantitative easing is the new interest rate,” said hedge fund legend, Ray Dalio of Bridgewater Associates.  

Read full story Comments are closed

September 28, 2012 — Quote of the Day

“Buy and hold is unfortunately completely out the door. People have to be more active than ever before. It is going to be very difficult for individual investors. You are going to end up with a return of 5% or so best case.” said Jeffrey Gundlach, CEO of fixed income manager Doubleline.

Read full story Comments are closed

September 27, 2012 — Quote of the Day.

“It’s an ugly contest; do you want the dollar, the euro, or the yen,” said hedge fund legend, Ray Dalio of Bridgewater Associates.

Read full story Comments are closed

September 26, 2012 — Quote of the Day.

“The nice thing about gold is that it has no PE multiple. Because it earns and yields nothing, gold is a speculation on the systematic debasement of currencies by central banks,” said Jim Grant of Grant’s Interest Rate Observer.

Read full story Comments are closed

September 24, 2012 — Quote of the Day

“There’s no exit. I think it’s more likely that the Fed buys all the Treasury bonds that exist than to work the opposite direction and start selling them. I have no concept of what the Fed exit strategy is going to look like. It’s way out in the future,” said Jeffrey Gundlach, CEO of fixed […]

Read full story Comments are closed

September 21, 2012 — Quote of the Day

“It’s all artificial stimulation. The market wouldn’t be here without quantitative easing,” said a NYSE floor trader.  

Read full story Comments are closed

September 20, 2012 — Quote of the Day.

“The reality is that the iPhone 5 is going to do more for the economy than QE3,” said Kevin Warsh, a former Federal Reserve governor.  

Read full story Comments are closed

September 19, 2012 — Quote of the Day

“The old yardsticks don’t seem to be working anymore,” said Art Cashin, a strategist at UBS.  

Read full story Comments are closed

September 18, 2012 — Quote of the Day

As opposed to the mentality of the last couple of years where you faded every piece of good news, we may be moving to a period where you fade the bad news because you know there is a clear game plan below it,” Jim O’Neill, chairman of Goldman Sachs International in London.  

Read full story Comments are closed

September 17, 2012 – Quote of the Day

“Let all men know how empty and worthless is the power of kings,” said King Cnut, a 10th century ruler of Denmark and England.  

Read full story Comments are closed

September 13, 2012 — Quote of the Day

“Facebook was being priced as if it were a beautiful woman without a blemish.  If any kind of blemish appeared, they will kill the stock.  I’d rather own Google or Apple,” said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors.

Read full story Comments are closed

September 11, 2012 — 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.

Read full story Comments are closed

September 10, 2012 – Quote of the Day

“Over the next several years, you will be shocked and surprised at the strength of the emerging Chinese consumer,” said Stephen Roach, the former Chairman of Morgan Stanley Asia.

Read full story Comments are closed