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December 30, 2011 – Quote of the Day

In Despicable Me, the latest animated children’s’ film from 20th Century Fox, the Bank of Evil, used to finance the nefarious deeds of villains, has listed under its name “formerly known as Lehman Brothers.”

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December 29, 2011 – Quote of the Day

“If You’ve lived long enough on Wall Street, you know that we shoot our wounded and eat our young,” said Brad Hintz, an analyst with Sandford Bernstein.

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December 28, 2011 – Quote of the Day

“At some point in 2012, 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 in Associates

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December 27, 2011 – Quote of the Day

We have been pretending that we’re too big to fail. We’re not too big to fail, You can jump off of a 90 story building and feel fine for the first 89 stories. It’s the sudden stop at the end that tells you you’re not.” said Tom Friedman, New York Times columnist and author of […]

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December 26, 2011 – Quote of the Day

“To get rich is glorious!” said Deng Xiaoping, the Chinese general who launched the country’s modern economy in the seventies.

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December 23, 2011 – Quote of the Day

“This isn’t a choice between vanilla and chocolate folks, it’s all rocky road: a few marshmallows to get you excited before the elections, but with a lot of nuts to ruin the aftermath,” said the ever insightful, Bill Gross, at PIMCO.  

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December 22, 2011 – Quote of the Day

“Wow! So Goldman Sachs thinks this Tablet is going to sell. I have the perfect Tablet. It is made out of steel and is powered by coal,” said Zachary Karabell, President of River Twice Research

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December 21, 2011 – Quote of the Day

“Unless developed economies learn to compete the old fashioned way – by making more goods and making them better, the smart money will continue to move offshore to Asia, Brazil, and other developing economies both in the asset and the currency space. The United States, in short, needs to make things, and not paper,” said […]

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December 20, 2011 – Quote of the Day

“Those near 10% annualized yields in stocks and bonds are a thing of the past,” said Bill Gross, the managing direct and co-chief investment officer of the Newport Beach, CA based bond giant, PIMCO.

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December 19, 2011 – Quote of the Day

“It amazes me how quickly amnesia sets in,” said Stephen Crawford, former co-president of Morgan Stanley, about the willingness of hedge funds to re-leverage positions in these conditions.

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December 15, 2011 – Quote of the Day

“You ever wonder why fund managers can’t beat the S&P 500? It’s because they’re sheep,” said Gordon Gecko in the classic film, Wall Street.

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December 14, 2011 – Quote of the Day

“We should thank Meredith Whitney for creating a buying opportunity in municipal bonds,” said Aaron Gurwitz, CIO and chief strategist at Barclays  Wealth Management.

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December 13, 2011 – Quote of the Day

“Isn’t it funny when you walk into an investment firm, and you see all of the financial advisors watching CNBC—that gives me the same feeling of confidence I would have if I walked into the Mayo Clinic or Sloan Kettering and all of the doctors were watching the TV soap opera General Hospital,” said a […]

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December 12, 2011 – Quote of the Day

“I don’t know where the next 1,000 points is coming from, but I know where the next 10,000 points is coming from,” said Sir John Templeton, when he was playing chess with me at his home at Lyford Cay in the Bahamas many years ago.  

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December 8, 2011 – Quote of the Day

“You are either looking out five days or five years in this market. You’re either a surfer or a yacht. There are no small boats anymore,” said Bob Iaccino, a trader at Your trading room.com.

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