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May 1, 2012 – Quote of the Day

“The investor in America sits at the bottom of the food chain,” said John C. Bogle, founder of the Vanguard Group of index funds.

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April 30, 2012 – Quote of the Day

“At some point in 2011, knuckles are going to be turning white, and we’ll see whatever rabbits Ben Bernanke is going to have to pull out of his hat,” said David Rosenberg of Gluskin, Sheff & Associates

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April 27, 2012 – Quote of the Day

“This year is going to be about chasing pennies and nickels in the bond market. Volatility is going to be very low. I expect the ten year bond to end up at a 2% yield,” said Mike Pond, co-head of US interest rate policy at Barclays Bank.

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April 26, 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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April 25, 2012 – Quote of the Day

“With slowing growth in the US and no growth in Europe, you are going to have to shave a few percentage points off of growth in China. If you look at the chessboard as a retail investor, we have a year or more in a sideways to down stock market,” said Dr. Peter Navarro, a […]

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April 24, 2012 – Quote of the Day

“They got us into this mess, they’ve gotten great credit for getting out of this mess, and now they are creating even a bigger mess,” said the former chairman of Morgan Stanley International and a colleague of mine, Steve Roach.

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April 23, 2012 – Quote of the Day

“The US has repositioned itself better than any of its global competitors. Americans are doing what they do best. They’re adapting, they’re moving, they’re finding good, and they’re surviving. That’s where we need to be,” said Tom Barrack, CEO of Colony Capital, and a former principal of the Bass Group.

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April 20, 2012 – Quote of the Day

“The biggest tumor that we are now facing for the economy is the shadow inventory of housing. We now have six million units that are delinquent, in default, or foreclosed, and 15 million other units for sale. Demographic demand can only soak up one million units a year. It is the biggest dilemma for homeowners,” […]

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April 19, 2012 – Quote of the Day

“Real estate is always the drunk driver of the economy. Usually the problem is oversupply. This time it was an oversupply of debt,” said Tom Barrack, CEO of Colony Capital, and a former principal of the Bass Group.

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April 18, 2012 – Quote of the Day

“The generals are still there, but the soldiers are leaving the field,” said Tom Dorsey of Dorsey Wright Associates, a technical analysis research firm, about the current level of stock indexes.

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April 17, 2012 – Quote of the Day

“If you add up all the stimulus that expires at the end of the year, like the Bush tax cuts, the jobs bill, and so on, it adds up to 4% of GDP. It’s a major factor that no one is focusing on….yet,” said Larry Kantor, chief strategist of Barclays Capital.

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April 16, 2012 – Quote of the Day

“The VIX right here is unsustainably low. I think China has more of a downside surprise. Analyst expectations for earnings are overly aggressive. There are just a few too many things that can go wrong out there,” said Vadim Zlotnikov, chief market strategist at Alliance Bernstein.

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April 13, 2012 – Quote of the Day

“People that have complete disdain for government intervention in the economy and markets of the West have complete faith in nine guys in a room being able to figure out the very complex and rapidly growing Chinese economy,” said hedge fund manager Jim Chanos of Kynikos Associates, about foreign investors’ unlimited faith in the Middle […]

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April 12, 2012 – Quote of the Day

My problem with the stock market is that I fail to see who the incremental buyer will be to take the S&P 500 to 1,500. It’s not going to be the retail investor who has been hit with a 34% drop in home prices, two market crashes in the last decade, and a flash crash […]

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April 11, 2012 – Quote of the Day

“The Bernanke put is still there, but it is far more out of the money that it was a few days ago,” said Doug Kass of hedge fund Seabreeze Partners.

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