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February 15, 2013 – Quote of the Day

“You can’t keep on firing people. We’ve gotten so mean and so lean that you naturally get to the point where there are fewer people to let go,” said Steve Ricchiuto, chief economist at Mizuho Securities.

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February 14, 2013 – Quote of the Day

“I looked all over the basement when I was at the White House, and there is no big lever you can throw to make things good again,” said Austin Goolsby, former chairman of the Council of Economic Advisors.

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February 13, 2013 – Quote of the Day

“The journey is the reward,” said the late Apple founder, Steve Jobs.

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February 11, 2013 – Quote of the Day

“Apple will never be a consumer products company,” said John Sculley, the Apple CEO who fired Steve Jobs in 1985. Today Apple is the world’s largest and most profitable consumer products company.

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February 8, 2013 – Quote of the Day

“Oh wow, Oh wow, Oh wow!” Were the last words of Apple founder, Steve Jobs.

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February 7, 2013 – Quote of the Day

“The next big story in credit is going to come from Asia and that will be in Japan,” said Tres Knippa of Kenai Capital Management.

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February 6, 2013 – 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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February 5, 2013 – Quote of the Day

“I look at the Fed and think we’re partying like its New Year’s Eve, 1999. We’re drinking booze, and taking tequila shots. They have the pedal pressed so far down, I know it’s going to end badly. When rates go higher, they are going to go so much higher than people anticipate that there will […]

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February 4, 2013 – Quote of the Day

“The January effect has been supercharged this year and needs to be checked for doping,” said Sandy Lincoln from BMO Asset Management.

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February 1, 2013 – Quote of the Day

“People are investing with a rear view mirror. Last year, you had people legitimately scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ought to be thinking about buying high quality stocks,” said Hersh Cohen of Clearbridge Advisors.

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January 31, 2013 – Quote of the Day

I don’t know that the retail investor matters anymore. They didn’t come back to the market after the 2000 crash. The idea that the individual investor believes in the stock market now is challenged. We have a market that is increasingly institutional investors trading back and forth with each other”, said Dan Greenhouse, chief global […]

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January 30, 2013 – Quote of the Day

“China has been doing everything right for the last ten years. Our government is made up of ‘C’ students that were political science majors, whereas, the Chinese government is made up of PhD’s that were educated at Cambridge and Harvard,’ said one Washington observer.

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January 29, 2013 – Quote of the Day

“Let us follow the wisdom of Joseph—pay down our debts and store up reserves against the leaner times that will surely come,” said California governor and former seminary student, Jerry Brown, quoting from the Old Testament.

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January 28, 2013 – Quote of the Day

“Anyone buying long term fixed income assets right here needs to have their head examined. You’ve got the 30-year yielding 3%, the 10-year yielding 1.8%, and triple “A” five-year corporates yielding less than 1%. When yields start to go up your capital is going to get obliterated,” said Steve Massocca of Wedbush Securities.

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January 24, 2013 – Quote of the Day

“There is a better chance that hockey is banned in Thunder Bay, Ontario, than the USA seeing a sustained 4% GDP growth rate when oil is above $100/barrel,” said Keith R. McCullough, CEO of Hedgeye Risk Management.

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