May 21, 2013 – Quote of the Day

Mike Myers Dr. Evil

“It’s basically evil, and I don’t think it should ever be allowed to reach the size that it did. Why should everyone pay a small group of people to basically engage in legalized front running of our orders,” said Berkshire Hathaway Vice Chairman, Charlie Munger, about high frequency trading. … [Read more...]

May 17, 2013 – Quote of the Day

Barney Frank

Everybody wants to go to Heaven, but nobody wants to die,” said former congressman Barney Frank about the difficult in achieving true tax reform. … [Read more...]

May 16, 2013 – Quote of the Day

Grave Diggers

“Guys that are short, they better have a shovel to dig themselves out of the grave,” said legendary hedge fund manager, David Tepper, of Appaloosa Management. … [Read more...]

May 14, 2013 – Quote of the Day


“An analyst is someone who knows a lot about a few things, and learns more and more about less and less, until eventually, he knows everything about nothing,” said Howard Marks, chairman of Oaktree Capital Management, at the Las Vegas SkyBridge Alternative Asset Conference. … [Read more...]

May 13, 2013 – Quote of the Day

Finish Line

“Everything begins and ends with quantitative easing”, said Jeffrey Gundlach, the CEO of hedge fund Doubleline Capital, and the new bond king. … [Read more...]

May 10, 2013 – Quote of the Day

Janet Leigh

“Transparency is a good idea. Like my shower door, it lets in the light, but keeps out the flies,” said former Federal Reserve governor, Bob McTeer. … [Read more...]

May 9, 2013 – Quote of the Day

Money-$100 Bills

“I don’t know who spends more, Democrats or Republicans, but Democrats seem to enjoy it more,” said former Federal Reserve governor, Bob McTeer. … [Read more...]

May 8, 2013 – Quote of the Day

Woman-with large chest

“Bonds are priced artificially because you’ve got some guy buying $85 billion a month. That will change at some point, and when it does, people are going to lose a lot of money,” said oracle of Omaha, Warren Buffett. … [Read more...]

May 7, 2013 – Quote of the Day


“The private economy is OK here. It is absorbing these body blows from Washington. Housing and energy could offset the shenanigans coming out of there,” said Stephen Wood, CIO with Russell Investments Group. … [Read more...]

May 2, 2013 – Quote of the Day


“At some point in 2013, 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. … [Read more...]

May 29, 2013 – Quote of the Day

Lawn Smiley Face

“When asked how he manages the time to be chairman of Microsoft, run the world’s largest charity, and raise three kids, Bill Gates answered “I don’t mow the lawn.” … [Read more...]

May 1, 2013 – Quote of the Day


“I think we’re headed towards VAT taxes. It’s only a question of how long it takes for them to wake up and figure it out. You can’t tax the wealthy enough to close the budget deficit we have,” said Leon Cooperman of hedge fund Omega Advisors. … [Read more...]

April 29, 2013 – Quote of the Day


“It's very difficult to navigate a business through a paradigm shift. You must hard wire your system to second guess all the time, questioning what is next, and then what is next. You've got to retain optionality for both investment portfolios and the business your run to navigate this well,” said Mohamed El-Erian, co-chairman of the bond house PIMCO. … [Read more...]

April 22, 2013 – Quote of the Day


“There’s a lot of performance anxiety out there right now. There’s nothing worse than sitting on cash watching a market go up double digits,” said Tom Lee, chief US equity strategist of JP Morgan. … [Read more...]

April 19, 2013 – Quote of the Day


“If you are going to be bearish and against this market, you are betting against the three richest men on the earth, Bernanke, Draghi, and Kuroda,” said market strategist, Ed Yardeni. … [Read more...]

April 18, 2013 – Quote of the Day


I can tell you from talking to institutions that, after 13 years of having their hearts broken by the stock market, they are still leery of stocks even with the recent rally,” said Howard Marks, founder of distressed debt giant, Oaktree Capital Management. … [Read more...]

April 17, 2013 – Quote of the Day

Hillary Clinton

“Asking if Hillary Clinton is going to run for president in 2016 is like asking if John Dillinger is going to rob a bank,” said conservative commentator, Mike Murphy. … [Read more...]

April 16, 2013 – Quote of the Day

Oliver Wendell Holmes

“Taxes are what we pay for a civilized society,” said Oliver Wendell Holmes, a Supreme Court justice servicing at the time of the enactment of the tax code in 1913. The slogan is inscribed in huge letters on the face of the IRS headquarters in Washington DC. … [Read more...]

April 15, 2013 – Quote of the Day

Relay Runner

“It’s never a pretty hand off when you go from the growth crowd to the value crowd. The baton always seems to get dropped,” said Kevin Landis of First Hand Capital Management, about this year’s share price action in Apple. … [Read more...]

April 12, 2013 – Quote of the Day

Sign - True False

“When you look at the size of the US work force over the next 30 years, it is going to increase by 30%. That compares to Japan, where it is going to be shrinking, Europe, where it is contracting, and even China, where it turns down. The idea that the baby boomers are going to overwhelm this huge growth in the work force is a myth,” said Scott Minerd of money manger, Guggenheim … [Read more...]

April 11, 2013 – Quote of the Day

Bull Fight

There are three things that kill bull markets, interest rates, inflation, and valuation, and none of those are prevalent as we sit here. Equity markets are discounting too pessimistic of a future,” said Jeff Mortimer, Director of Investment Strategy, BNY Mellon Wealth Management. … [Read more...]

April 9, 2013 – Quote of the Day

Money, Buried Under

“Give me a trillion dollars, and I’ll show you a good time too. I’m somewhat skeptical, because I know it’s going to end badly,” said hedge fund legend, Jim Rogers. … [Read more...]

April 5, 2013 – Quote of the Day

Foot on banana peel

“Risk control is the best route to loss avoidance. Risk avoidance, on the other hand, is likely to lead to return avoidance as well, said Howard Marks, founder of distressed debt giant, Oaktree Capital Management. … [Read more...]

April 3, 2013 – Quote of the Day

Charlie Chaplin

“Technology always disappoints in 2 years but goes farther than you then in 10 years.” said Todd Wagner, CEO of 2929 Entertainment, and founder, with Mark Cuban, of … [Read more...]

April 2, 2013 – Quote of the Day

Man-Tired with Dollar Signs

“When a manager with a reputation for brilliance takes a business with poor fundamental economics, it is the reputation of the business that remains intact,” said oracle of Omaha, Warrant Buffett. … [Read more...]

April 1, 2013 – Quote of the Day


“China is still the 800 pound gorilla. Maybe it’s no longer going to grow at 10%, but it’s still going to grow at a faster rate than Europe or the US,” said Edwin Rodriguez Jr., the biggest fianncial advisor in Louisiana, with $2.8 billion in assets. … [Read more...]

March 28, 2013 – Quote of the Day

Angry Couple

“I’m not in favor of breaking up the large banks. But if push comes to shove and there is no other way to eliminate the “too big to fail” problem, which is getting worse, and not better, I would be in favor of breaking up the big banks,” said former Federal Reserve chairman, Alan Greenspan. … [Read more...]

March 27, 2013 – Quote of the Day

Recovery Sign

“We underestimated the negative impact of the slowdown in the housing market, and we may be underestimating the tail wind in its recovery,” said Uwe Mark Ruttke of Merrill Lynch, the top financial advisor in Colorado. … [Read more...]

March 26, 2013 – Quote of the Day

Belly Fat

“For the first time in history, more people will die from eating too much food this year than not enough food, said my old friend and mayor of New York, Michael Bloomberg, about his recent attempt to ban 16 ounce soft drinks in the city. … [Read more...]

March 25, 2013 – Quote of the Day

Woman in glasses

“The stock market is one of those things that looks better the more expensive it gets,” said Barbara Marcin, portfolio manager of the Gabelli Dividend Growth Fund. … [Read more...]

March 22, 2013 – Quote of the Day

Market Screens

“The bond market, like every other market, is artificially overvalued because of the involvement of the Fed,” said Mohamed El’Erian of bond giant, PIMCO. … [Read more...]

March 21, 2013 – Quote of the Day

Woman looking at watch

“Our clients used to think in weeks and days. Today, it’s not even hours-- they think in minutes,” said John Schutz of Wells Fargo, the largest financial advisor in Minnesota, with $1.2 billion in assets. … [Read more...]

March 20, 2013 – Quote of the Day


“We’re always worried. As a financial advisor, you live your live worried,” said David Zier of Convergent Wealth, the top financial advisor in Maryland. … [Read more...]

March 18, 2013 – Quote of the Day

Leap Frog

“Right now, by historical standards, stocks are significantly undervalued. “Irrational exuberance” is the last term I would use to characterize the market right now,” said former Federal Reserve chairman, Alan Greenspan. … [Read more...]

March 15, 2013 – Quote of the Day

Simon Cowell

“I figured it was just as easy to hear “no” from someone who’s wealthy as from someone who is not wealthy,” said Steve Lockshin of Convergent Wealth, the largest independent financial advisor in California, with $10.5 billion in assets. … [Read more...]

March 14, 2013 – Quote of the Day

Bride & Groom

“ Going to weddings and funerals is part of being a financial advisor,” said Theresa Chacopulos of Wells Fargo Private Banking, the top producing financial advisor in Arizona. … [Read more...]

March 11, 2013 – Quote of the Day


“One must marvel at where the stock market is in relation to the rest of our world. With the economy in relation to the politics, it’s not a happy time. If you look at how they were viewing Obama just before the election, we’ve just walked through the raindrops in regards to the stock market with the fiscal cliff, the debt ceiling crisis, and all sorts of other issues that were … [Read more...]

March 8, 2013 – Quote of the Day


'There is one peculiarity about mass psychology in that when you are in a bubble, you can't see it. Bubbles are invisible when you are inside the bubble,' said the charming Jim Dines, of The Dines Letter. … [Read more...]

March 7, 2013 – Quote of the Day

girl with money

'If you can get a dividend higher than the yield on ten year debt, it's an opportunity we haven't seen in our lifetime. On a five year horizon, investing in large multinationals with high dividends will have a large payday' said Lawrence Fink, CEO of Black Rock. … [Read more...]

March 5, 2013 – Quote of the Day

Clint Eastwood

“All over the world, money managers are waiting for the signal that the Fed is going to end easing. I think everyone is on a hair trigger,” said oracle of Omaha, Warren Buffett. … [Read more...]

March 4, 2013 – Quote of the Day


“Banks have turned into gigantic gambling institutions. You never know what you own. I wouldn't touch them if you pointed a gun to my head,” said legendary hedge fund manager Bill Fleckenstein on Hedge Fund Radio. … [Read more...]

February 28, 2013 – Quote of the Day

Jimmy Carter - fullshot

“When former president, Jimmy Carter, once addressed a graduating class in Japan, they suddenly broke out into wild laughter. He later insisted that the interpreter tell him what he said. After much prodding, he confessed “I said the president has just told a joke, and you must laugh.” … [Read more...]

February 27, 2013 – Quote of the Day


'Total credit market debt in the world has gone from $80 trillion to $200 trillion in the last ten years, an 11% annual rate, while GDP has grown by 4%. This can't continue. It's a simple matter of arithmetic,' said Kyle Bass, of hedge fund Hayman Partners. … [Read more...]

February 26, 2013 – Quote of the Day


“You can reduce discretionary spending down to zero and it won’t have much impact on our fiscal problems because it’s such a small proportion of the total,” said Ben Bernanke, chairman of the Federal Reserve. … [Read more...]

February 26, 2014 – Quote of the Day

Businessman Crossing the Finish Line

“Bull markets go everywhere from 1-2 years to five years after the Fed begins tightening. We’ve got a long way to go before we have to worry about bonds competing against stocks,” said Professor Jeremy Siegel of the Wharton School of Business … [Read more...]

February 25, 2013 – Quote of the Day


“Over the long term, all of the fiat currencies of the world are involved in a competitive devaluation. The structural stresses in most of the western economies are such that centrals banks will attempt to continue to substitute liquidity for solvency.” said Rick Rule, chairman of Sprott US Holdings, a precious metals specialist. … [Read more...]

February 22, 2013 – Quote of the Day

India's Masses

“Changes in consumption stemming from per capita income rises from $1,000 a year to $5,000, as you are seeing in India, or $5,000 to $10,000, as you are seeing in China, is a very different kind of consumption. It is much more commodities heavy, it is food heavy, it draws a lot more on water supplies,” said Ian Bremmer, president of the Eurasia Group, an New York Based think … [Read more...]

February 15, 2013 – Quote of the Day

You're fired

“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. … [Read more...]

February 14, 2013 – Quote of the Day

Charlie Chaplin

“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. … [Read more...]

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. … [Read more...]

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. … [Read more...]

February 5, 2013 – Quote of the Day

Drinking Shots

“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 be significant collateral damage,” said Joe Lavorgna, Deutsche Bank Chief Economic. … [Read more...]

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. … [Read more...]

January 31, 2013 – Quote of the Day

Ping Pong

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 strategist at BTIG. … [Read more...]

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. … [Read more...]

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. … [Read more...]

January 28, 2013 – Quote of the Day

Head Examined

“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. … [Read more...]

January 24, 2013 – Quote of the Day

Ice Hockey

“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. … [Read more...]

January 22, 2013 – Quote of the Day

Lady Liberty

“Market players are starting to become desensitized to the Armageddon, end-of-the-world stories,” said Jim Paulsen, chief investment strategist at Wells Capital Management. … [Read more...]

January 18, 2013 – Quote of the Day

Spoiled Child

“I’m afraid there are going to be ashes in my stocking this year,” said Bill Gross of bond giant PIMCO, about his expectation of poor return for bond funds this year. … [Read more...]

January 15, 2013 – Quote of the Day


“When the environment gets really complex, investors tend to rely on superstition to help make investment decisions,” said Jeffrey Kleintop, chief market strategist at LPL Financial. … [Read more...]

January 11, 2013 – Quote of the Day


“Giving some countries the Internet is like giving a cannibal an AK-47 assault rifle. No good will come of it,” said John C. Dvorak, editor of PC Magazine. … [Read more...]

January 10, 2013 – Quote of the Day


Quote of the Day “The rule of thumb is to do your homework, do your analysis, don’t give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames,” saidMarc Chandler, the global head of currency strategy at Brown Brothers Harriman. … [Read more...]

January 4, 2013 – Quote of the Day


Quote of the Day “If You’ve lived long enough on Wall Street, you know that we shoot out wounded and eat our young,” said Brad Hintz, an analyst with Sandford Bernstein. … [Read more...]

January 2, 2013 — 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 Hot, Flat and Crowded.   … [Read more...]

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. … [Read more...]

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 income manager Doubleline. … [Read more...]