July 7, 2015 – Quote of the Day

dice

“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. … [Read more...]

July 1, 2015 – Quote of the Day

Isaac Newton

“I can calculate the motions of heavenly bodies, but never the madness of crowds,” said Sir Isaac Newton, the inventor of calculus and discoverer of Newton’s Laws, who lost his entire fortune in a 17th century investment scam called “the south Sea Bubble.” … [Read more...]

June 30, 2015 – Quote of the Day

Father & Son-doors

Sometimes we stare so long at a door that is closing that we see too late the one that is open,” said Alexander Graham Bell, inventor of the telephone. … [Read more...]

June 26, 2015 – Quote of the Day

Wicked Witch

“I’d much rather have the Wicked Witch of the East go away. We’d be way better off if we ended quantitative easing real fast so this scapegoat can get behind us,” said Ken Fisher of Fisher Investments. … [Read more...]

June 25, 2015 – Quote of the Day

Woman-Anxiety

“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...]

June 24, 2015 – 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...]

June 23, 2015 – Quote of the Day

gravity

“We are still in the gravitational pull of the Great Recession. I would have to put the likelihood of a double dip recession now up to 50%,” said my old UC Berkeley economics professor, Robert Reich. … [Read more...]

June 22, 2015 – Quote of the Day

Blowing Bubbles

“If there were no way to short stocks, the probability of stock market bubbles would be much greater,” said hedge fund manager, Bill Ackman, of Pershing Square. … [Read more...]

June 18, 2015 – Quote of the Day

Surfer

“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 Yourtrading room.com. … [Read more...]

June 12, 2015 – Quote of the Day

Hillary Clinton

“Some in the media have quoted me using a four letter word to dismiss the Correspondents’ dinner as a concern. I have not sought a correction,” said former Secretary of State and presidential contender, Hillary Clinton. … [Read more...]

June 11, 2015 – Quote of the Day

Man holding nose

“Revenues stink in the banking area. This decade will be the worst for revenue growth since the Great Depression,” said Mike Mayo, the controversial banking analyst at the Asian broker and research house, CLSA. … [Read more...]

June 10, 2015 – Quote of the Day

Financials Knife in Hand

“The stupid market cliché about catching a falling knife is actually happening now. This is a falling knife. You have to look at the market as a hot air balloon. You only want to grab it as it is going up. I don’t think dollar cost averaging is the plan here,” said Bob Iaccino at Traderoutlook.com. … [Read more...]

June 9, 2015 – Quote of the Day

Masks

“It’s a manic depressive economy. Every other month we decide we might be in a recession,” said Kevin Hassett of the American Enterprise Institute. … [Read more...]

June 2, 2015 – Quote of the Day

Ronald Reagan

“There were three things the Russians were afraid of: AIDS, Jewish people, and Ronald Reagan. They were afraid he was going to push the button,” said KGB defector, Jack Barsky. … [Read more...]

June 2, 2015 – Quote of the Day

Michelangelo's David

In Italy, for 30 years under the Borgias, they had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland they had brotherly love, they had 500 years of democracy and peace - and what did that produce? The cuckoo clock,” said the filmmaker, Orson Wells. … [Read more...]

June 1, 2015 – Quote of the Day

Sugar

There is tremendous amounts of money sitting on the sidelines. There is enormous M&A activity. The greatest thinkers in the corporate world are saying that it is cheaper to buy than to build. This says to me that the stock market still has value in it. We’re a long way from expensive,” said Milton Ezrati senior economist and market strategist for money management giant, … [Read more...]

May 29, 2015 – Quote of the Day

20141230-4

"The Fed is not worried about inflation in the next few years and want growth first, growth second, and growth third. With the stabilization of Europe, the apparent pick up in China, and a US economy still on a reasonable footing, the Fed's heavy leaning to a growth policy should lead to a pretty favorable environment for the markets," said legendary hedge fund manager, David … [Read more...]

May 28, 2015 – Quote of the Day

Fortune Cooke You're Fired

“The longer you wait to fire someone, the longer it has been since you should have fired them,” said Elon Musk, founder and CEO of Space X and Tesla Motors. … [Read more...]

May 27, 2015 – Quote of the Day

Man Mirror

“The most important thing in investing is to know yourself, your weaknesses, your flaws and your strengths,” said the legendary stock operator, Jesse Livermore. … [Read more...]

May 26, 2015 – Quote of the Day

Man Egg on Face

“The idea that somehow you are going to exit the most accommodative Fed policy in history, without breaking a few eggs is delusional,” said Josh Dan Greenhouse of BTIG Capital. … [Read more...]

May 22, 2015 – Quote of the Day

Ocean - Lighthouse

“Getting information off the internet is akin to trying to sweep back the ocean with a broom,” said Ray Kurzweil, director of engineering at Google. … [Read more...]

May 21, 2015 – Quote of the Day

Warren Buffett

“Most of the time, stocks are in a zone of reasonableness. I think stocks are reasonable now,” said Oracle of Omaha, Berkshire Hathaway’s Warren Buffett. … [Read more...]

May 18, 2015 – Quote of the Day

Girl Hiding

“When companies don’t want you to look at traditional metric, it is usually a good time to look at traditional metrics,” said hedge fund genius David Einhorn, of Greenlight Capital. … [Read more...]

May 19, 2015 – Quote of the Day

Jim Carrey

“The barriers to Wall Street are quite low, once you have the Ivy League credentials. If you’re a certain kind of kid who doesn’t actually know anything about anything, Wall Street is still a great place to go,” said Michael Lewis, author of “The Big Short.” … [Read more...]

May 15, 2015 – Quote of the Day

Yoda

“If you’re early on in your career, and they give you a choice between a great mentor or higher pay, take the mentor every time. It’s not even close. And don’t even think about leaving that mentor until your learning curve peaks,” said legendary hedge fund trader Paul Tudor Jones. … [Read more...]

May 13, 2015 – Quote of the Day

Pearl in Oyster

“Forget what you know about buying fair businesses at wonderful prices. Instead, buy wonderful business at fair prices,” said Oracle of Omaha, Warren Buffett. … [Read more...]

May 7, 2015 – Quote of the Day

Acrobats

“Wall Street’s denizens are always ready to suspend disbelief when dubious maneuvers are used to manufacture rising per-share earnings, particularly if these acrobatics produce mergers that generate huge fees for investment bankers,” said Oracle of Omaha, Warren Buffett. … [Read more...]

May 5, 2015 – Quote of the Day

Auction Signs

“As successful as solar has become, there was a bloody road of corporate carnage to get there,” said Joel Makower, chairman of the GreenBiz Group. … [Read more...]

May 4, 2015 – Quote of the Day

Barber-Shave

“Sitting tight is seldom recommended by Wall Street. Don’t ask the barber whether you need a haircut,” said Oracle of Omaha, Warren Buffet. … [Read more...]

April 29, 2015 – Quote of the Day

Woman-Panic

“It is entirely predictable that people will occasionally panic, but not at all predictable when this will happen,” said Oracle of Omaha, Warren Buffet. … [Read more...]

April 28, 2015 – Quote of the Day

apple logo

“Apple really has become “the” stock. People used to say “Whatever is good for GM is good for the country. Apple is now that stock. The market will continue to be a good market as long as Apple is a good stock,” said Roger McNamee of venture capital firm Elevation Partners. … [Read more...]

April 27, 2015 – Quote of the Day

Roach

“In the world of business, bad news often surfaces serially: You see a cockroach in your kitchen; as the days go by, you meet his relatives,” said oracle of Omaha Warren Buffett. … [Read more...]

April 24, 2015 – Quote of the Day

Preacher

“Though the preachers of pessimism prattle endlessly about America’s problems, I’ve never seen one who wishes to emigrate (though I can think of a few for whom I would happily buy a one-way ticket), said Oracle of Omaha Warren Buffet. … [Read more...]

April 21, 2015 – Quote of the Day

Roller Coaster

“My experience in business helps me as an investor, and my investment experience makes me a better businessman,” said Oracle of Omaha, Warren Buffett. … [Read more...]

April 14, 2015 – Quote of the Day

Bear Crossing

“We are not going to get the returns in the next five years that we got over the last five years,” said Ed Keon, managing director of Quantitative Asset Management. … [Read more...]

April 13, 2015 – Quote of the Day

Dinasaur

“Whenever I hear someone in finance say that a one in two billion year event just happened, I say that you just demonstrated you have a model for measuring tail risk that isn’t any good,” said former Treasury Secretary and Harvard University President Larry Summers. … [Read more...]

April 10, 2015 – Quote of the Day

Hot Air Balloon

“There is nowhere in the industrialized world where bond markets are looking for more than 2% inflation or more than 1% real interest rates over the next decade,” said former Treasury Secretary Larry Summers. … [Read more...]

April 9, 2015 – Quote of the Day

Woman Backpacker

“The central bank trade has been very fulfilling, but if you are going to play it now, do it aboard,” said Mohamed El-Erian, for co-CEO of bond giant PIMCO. … [Read more...]

March 31, 2015 – Quote of the Day

Girl Tight Jeans

“The time to worry about the Fed is not when they go from accommodative to neutral, it is when they go from neutral to tight,” said Bill Miller the legendary former chairman and CIO of Legg Mason Capital Management. … [Read more...]

March 30, 2015 – Quote of the Day

Animial Trap

“We’re in a secular bull market for the dollar. …A strong dollar is a natural consequence of America emerging from a liquidity trap, while Europe and Japan are still stuck in one. The dollar is a growth stock, and growth stocks over time outperform utilities,” said Paul McCulley, formerly the chief economist at bond giant PIMCO. … [Read more...]

March 27, 2015 – Quote of the Day

Sale

“If the dollar stays up here, a lot of companies are going to have to re price their products. Very few firms have the pricing power of Apple,” said my friend, Dan Niles, of Alpha One Partners. … [Read more...]

March 26, 2015 – Quote of the Day

Theodore Roosevelt

“In any moment of decision, the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing,” said President Theodore Roosevelt, whose oldest daughter, Alice Roosevelt Longworth I once met. … [Read more...]

March 25, 2015 – Quote of the Day

Peter Lynch

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost by corrections themselves,” said the legendary Fidelity money manager, Peter Lynch, who once told me I was the dumbest broker he had ever met. … [Read more...]

March 19, 2015 – Quote of the Day

Janet Yellen.

“Just because we removed the word “patient” doesn’t mean that we are going to be impatient,” said my friend, Federal Reserve Chairman Janet Yellen. That is pure Janet. I feel like I’m back at Berkeley. … [Read more...]

March 11, 2015 – Quote of the Day

Chinese Military

“If you can’t beat your Chinese competitor in China and win there, you will lose all the markets your like,” said David Cote, CEO of Honeywell.   … [Read more...]

March 9, 2015 – Quote of the Day

Line Dancers

“No one is line dancing over the fact that the market is at 1,940. No one feels good about it. The market likes to climb a wall of worry, and the stonemason has been hard at work. So I think we continue to grind higher,” said Jason Trennert, chief investment strategist at Strategas Research Partners. … [Read more...]

March 6, 2015 – Quote of the Day

Vladimir Putin

“I think this is about Russia reasserting itself on the international stage, basically saying that Russia is back and is a force to be reckoned with. I think we underestimated for a long time the extent of the humiliation that Russians felt after the collapse of the Soviet Union,” said former Secretary of Defense and CIA head Robert M. Gates. … [Read more...]

March 5, 2015 – Quote of the Day

Stanley Druckenmiller

By historic, fundamental measures, stocks are extremely high. PE multiples are at 100 years highs. But if you look at stock prices relative to interest rates, they are exactly where they should be,” said hedge fund legend, Stanley Druckenmiller. … [Read more...]

March 4, 2015 – Quote of the Day

War for Independence

“Our economic machine really works. It’s worked since 1776...Look at any milestone you want to pick, and over time it’s gotten so much better,” said Oracle of Omaha, Warren Buffett. … [Read more...]

March 3, 2015 – Quote of the Day

Warren Buffett

“It’s a terrible mistake to own something, just because somebody else owns it, even if that other person is Benjamin Graham, the dean of investing,” said Oracle of Omaha, Warren Buffett. … [Read more...]

March 2, 2015 – Quote of the Day

Otto von Bismarck

“A fool learns from experience. A wise man learns from the experience of others,” said Otto Von Bismarck, the first Chancellor of Modern Germany.   … [Read more...]

February 27, 2015 – Quote of the Day

Rockettes

“The next leg of the bull market is going to have to be a fundamental leg, not a liquidity leg, and investors are in a little bit of a malaise trying to figure that out,” said Anthony Scaramucci of Skybridge Capital. … [Read more...]

February 25, 2015 – Quote of the Day

Ghandi

“The last time oil stocks were this high, Gandhi was on the cover of Time Magazine and most Germans thought Hitler was clown. IT was 1930.” said Stephen Schork of the Schork Report. … [Read more...]

February 12, 2014 – Quote of the Day

Gorilla

“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 financial advisor in Louisiana, with $2.8 billion in assets. … [Read more...]

February 20, 2015

Global Market CommentsFebruary 20, 2015Fiat Lux Featured Trade:(A NOTE ON THE FRIDAY OPTIONS EXPIRATION),(FXY), (GILD), (SPY), (VIX),(TLT), (IWM), (QQQ), (SCTY), (USO), (GLD), (AN EVENING WITH TEXAS GOVERNOR RICK PERRY), (LNG), (UNG), (TSLA) CurrencyShares Japanese Yen ETF (FXY)Gilead Sciences Inc. (GILD)SPDR S&P 500 ETF (SPY)VOLATILITY S&P 500 (^VIX)iShares 20+ Year … [Read more...]

February 20, 2015 – Quote of the Day

Lake Tahoe

“…at last the lake burst upon us—a noble sheet of blue water…walled in by a rim of snow-clad mountain peaks...As it lay there with the shadows of the mountains brilliantly photographed upon its still surface I thought it must surely be the fairest picture the whole earth affords.” said the American writer, Mark Twain, on his first sight of Lake Tahoe in 1861, pictured below. … [Read more...]

February 19, 2015 – Quote of the Day

Kevin Spacey

“I want staffers who are so loyal that they will kiss my ass in Macy’s front window and tell everyone it smells like roses,” said the late president, Lyndon Baines Johnson, the model for the character, Francis Underwood, in the hit cable TV series House of Cards. … [Read more...]

February 13, 2015 – Quote of the Day

Evolution - Homo Sapiens

“Homo Sapiens, the first truly free species, is about to decommission the natural selection, the force that made us,” said E.O. Wilson, a Harvard University biology professor. … [Read more...]

February 11, 2015 – Quote of the Day

Winston Churchill

“A pessimist sees the difficulty in every opportunity, and optimist sees the opportunity in every difficulty.” said the late British Prime Minister, Winston Churchill. … [Read more...]

February 10, 2015 – Quote of the Day

Ticker Tape

"Where a calculator on the Eniac is equipped with 18,000 tubes and weighs 30 tons, computers in the future may have only 1,000 vacuum tubes, and weigh 1.5 tons." said Popular Mechanics magazine in 1949. … [Read more...]

February 9, 2015 – Quote of the Day

Surfing

“Most inventions fail because the timing is wrong. Inventing is a lot like surfing. You have to anticipate and catch the wave just at the right moment,” said computer scientist and futurologist, Ray Kurzweil. … [Read more...]

February 4, 2015 – Quote of the Day

U.S. Marines Plaque

“Some People spend an entire lifetime wondering if they’ve made a difference. The Marines don’t have that problem,” said the late President, Ronald Reagan. … [Read more...]

February 3, 2015 – Quote of the Day

Bad-Good Meter

"When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.” said Nassim Nicholas Taleb, author of Antifragile: Things That Gain from Disorder. … [Read more...]

February 2, 2015 – Quote of the Day

Neighborhood Oil Spill

“All we need to know about crude right now is that we have it coming out of our ears, both here and in the Middle East, and that’s why it’s headed to $40,” said Scott Nations, president of the options trading firm, NationsShares. … [Read more...]

January 28, 2015 – Quote of the Day

firingsquad

“As for the Swiss franc, there’s blood in the street and on the walls,” said Stephen Schwarzman, CEO of the Blackstone Group, a global private equity firm. … [Read more...]

January 26, 2015 – Quote of the Day

Quiz

“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 20, 2015 – Quote of the Day

bushnell2-9937

Steve Jobs offered me one third of Apple for $50,000 and I was so smart that I turned it down. It’s funny when you think about it now, except when I’m crying,” said Nolan Bushnell, the founder of game company Atari and Jobs’ first employer. … [Read more...]