November 20, 2013 – Quote of the Day

Drill_sergeant_screams

“The days of leading companies or countries via a one-way conversation are over. The old system of ‘command and control’ – using carrots and sticks --to exert power over people is fast being replaced by ‘connect and collaborate’.” said author Dov Seidman. … [Read more...]

November 19, 2013 – Quote of the Day

Four Stars

“America’s colleges and universities churn out lots of liberal arts graduates….By and large, the economy doesn’t need all these generals. We’re not training enough scientists and engineers. The high schools used to churn out enough people with technical skills in the fifties and sixties, but not so today. It’s cheaper just to prepare everyone to go to college and pretend that a … [Read more...]

November 7, 2013 – Quote of the Day

falling_man

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, a New York Times columnist and author of Hot, Flat and Crowded. … [Read more...]

October 28, 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 BlackRock. … [Read more...]

October 2, 2013 – Quote of the Day

apple logo

“Apple is the biggest no brainer in the history of the earth. It just makes no sense for it to trade where it is; seven times enterprise value to free cash flow, 14% free cash flow yield to enterprise value, and 10% simple free cash flow yield. If Apple were a junk bond it would trade 40% higher,” said Bill Miller, the legendary fund manager at Legg Mason … [Read more...]

October 1, 2013 – Quote of the Day

Men - Guns

“Farce reigns and risk aversion rises,” Kit Juckes, global strategist at Societe Generale SA in London, wrote in a note to clients. “The U.S. is still heading towards a shutdown, the Italian government is heading for a confidence vote that probably precedes elections. Yen up, euro down.” … [Read more...]

September 25, 2013 – Quote of the Day

Balloon

“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...]

September 23, 2013 – 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...]

September 20,2013 – Quote of the Day

Baseball

“This is very bullish for markets. It’s bullish for markets intermediate term. Before, I thought we were in the seventh inning of a four-year bull market. Two waiters just came in and delivered another punch bowl. We’re going into extra innings, baby,” Said Stanley Druckenmiller of hedge fund Duquesne Capital Management, about the Fed’s decision not to taper. … [Read more...]

September 16, 2013 – Quote of the Day

Baseball

There are many companies in the US that are running out of time because of leverage. There is still $1 trillion in distressed or defaulted debt. Any company that could refinance has already done so. For all those companies that couldn’t refinance, they’re going to be hitting a wall this year or next year,” said Marc Lasry, chairman of Avenue Capital Management, a top performing … [Read more...]

September 4, 2013 – Quote of the Day

Line Dancers

“No one is line dancing over the fact that the market is at 1,630. No one feels good about it. The market likes to climb a wall of worry, and the mason 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...]

August 30, 2013 – Quote of the Day

Man-Sunglasses

“The sentiment in the bond market now is basically fear and loathing. People have gone from “I don’t care about volatility, I want income” to “I don’t care about income, I don’t want volatility,” said Jeffrey Gundlach, CEO and CIO of bond manager DoubleLine. … [Read more...]

August 27, 2013 – 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...]

August 23, 2013 – Quote of the Day

Lady Liberty

“The next time we have a global economic crisis it will be much worse than in 2008. There will be money printing and war. The whole system will collapse. You don’t want to own government bonds and cash. Equities don’t do well, but at least you still have the ownership of companies. Precious metals do well in that environment, and so does oil,” said Mark Faber, publisher of the … [Read more...]

August 6, 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 BlackRock. … [Read more...]

July 18, 2013 – Quote of the Day

united

“Take 200 round trips to Australia, and you really start to rack up the miles,” said Tom Stoker an automotive sales analyst who just surpassed 10 million frequent flier points on United Airlines. It makes my own 1 million miles seem puny by comparison. … [Read more...]

July 9, 2013 – Quote of the Day

Dinasaur

“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...]

June 24, 2013 – 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...]