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August 1, 2012 – Quote of the Day

“The consumer in the United States has basically disappeared. There are no jobs, no wage increases, and therefore no spending,” said Bill Gross of bond giant, PIMCO.

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July 31, 2012 – Quote of the Day

“We didn’t get here by accident. America is the product of the greatest public/private partnership in the history of the world,” said Tom Friedman, international affairs columnist at the New York Times.  

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June 30, 2012 – Quote of the Day

“Computers crash, and you have to reboot them. That will happen to the global economy,” said Mark Faber, publisher of the Gloom, Boom, and Doom Report.

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July 27, 2012 – Quote of the Day

“Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate,” said Andrew W. Mellon, President Herbert Hoover’s Secretary of the Treasury. The Republicans did not win a presidential election for 20 years after that comment.

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June 26, 2012 – Quote of the Day

“ The modern Olympic Games are orgies of lachrymose nationalism. War by other means, warrior-athletes, watched by men in suits and uniforms….rogue California chemists running their eye popping, vein-clustered, vest stripping robots against degendered state laboratory freaks,” said author, Ian Sinclair, and outspoken critic of the Olympics.

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July 25, 2012 – Quote of the Day

“The biggest mistake you can make in a bear market is to cover your shorts too soon” he said.

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June 24, 2012 – Quote of the Day

“I used to tell lies. But I’ve given it up, because the field has become overrun with amateurs,” said the great American 19th century humorist, Mark Twain.

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July 23, 2012 – Quote of the Day

“We’re all just one trade away from humility, Bud,” said a stockbroker in the classic film, Wall Street.  

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July 20, 2012 – Quote of the Day

“Who knew the blockbuster this year would be a horror show,” said Tony Crescenzi, market strategist and portfolio manager at bond giant, PIMCO.

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July 18, 2012 – Quote of the Day

“I’m long tear gas after the Athens experience. They are going to need that tear gas in Rome and Madrid at some point,” said Steve Cortez at Veracruz Research.

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July 17, 2012 – Quote of the Day

“It’s a bit like looking for gold in a minefield,” said Fidelity International’s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country.

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July 16, 2012 – Quote of the Day

“People think that Treasury bonds are riskless, but a 100 basis point rise in interest rates leads to an 18% capital loss,” said Andrew Neale, a portfolio manager at Fogel Neale Partners.

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July 13, 2012 – Quote of the Day

“I’m long tear gas after the Athens experience. They are going to need that tear gas in Rome and Madrid at some point,” said Steve Cortez at Veracruz Research.

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July 12, 2012 – Quote of the Day

“We’ve seen the S&P 500 drop 50% twice in the last decade. That is the new normal”, said Richard Kang of Emerging Global Advisors.

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July 11, 2012 – Quote of the Day

“Free choice is not relevant in financial markets because there are too many players. A stock with a million holders is much more predictable than one with five,” said Charles Nenner, of Charles Nenner Research in Amsterdam.”

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