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October 9, 2012 — Quote of the Day.

“The planets are aligning for a huge Christmas quarter for Apple. If the supply constraints come off, we could see 240-250 million units of the iPhone 5 sold in fiscal 2013,” said David Rolfe, chief investment officer at Wedgewood Partners.  

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October 5, 2012 — Quote of the Day.

You’ve already seen Greek bonds fall by 90%. The dominoes in Europe will fall. There’s no way around it. Imagine a group of countries that have been fighting for 200 years suddenly ceding their sovereignty to Germany, or to some other higher authority,” said Kyle Bass of hedge fund Hayman Capital Management.  

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October 4, 2012 — Quote of the Day.

“U.S. equities have been strong this year because the fundamentals of U.S. business, technology, innovation, improving productivity, are enough to justify most of the gains we have seen”, said Jim McCaughan, president of global asset management for Principal Financial Group.  

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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.

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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.

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October 1, 2012 — Quote of the Day.

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

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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.

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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.

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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.

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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 […]

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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.  

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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.  

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September 19, 2012 — Quote of the Day

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

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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.  

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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.  

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