November 26, 2013 – Quote of the Day

Baseball

“I think we’re in the middle of the game, maybe the fourth or fifth inning. I really think this thing has another five years to go. It’s going to take that long before people become confident enough and they start becoming confident enough and blowing themselves up again,” said John Paulson of Wells Capital Management. … [Read more...]

November 25, 2013 – Quote of the Day

Snape - Harry Potter

“For the investor who has a strategically allocated portfolio, who are three to five years away from needing their capital, should think of selling the beloved and buying the loathed,” said JJ Burns of JJ Burns and company. … [Read more...]

November 22, 2013 – Quote of the Day

House Fire

“Housing in terms of price has put in a real bottom. I’m not looking for a housing bull market. We are in the second phase of a housing bear market. But the good news is that we can correct the rest of the way back to the long term trend through time, rather than price on a national basis,” said Josh Brown, a real estate analyst. … [Read more...]

November 21, 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...]

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 15, 2013 – Quote of the Day

Janet Yellen

“A strong recovery will ultimately enable the Fed to reduce its monetary accommodation and reliance on unconventional policy tools such as asset purchases,” said my friend, Federal Reserve governor nominee, Janet Yellen. … [Read more...]

November 8, 2013 – Quote of the Day

firingsquad

“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. … [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...]

November 6, 2013 – Quote of the Day

Commandments-Tablet

“Wow! So Goldman Sachs thinks this the 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. … [Read more...]

November 5, 2013 – Quote of the Day

Boy with Magnifying Glass

“Everyone has got to re examine their theories here,” said Federal Reserve Bank of St. Louis president, James Bullard, about the failure of inflation to appear after five years of quantitative easing. … [Read more...]

November 4, 2013 – Quote of the Day

Stan Getz

I played clarinet next to Stan Getz for years, and he became convinced that I was going to become an economist,” said Alan Greenspan, former chairman of the Federal Reserve. … [Read more...]

November 1, 2013 – Quote of the Day

Chevy56

“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. … [Read more...]

October 31, 2013 – Quote of the Day

Line Chart

“I grew up trying to separate the emotion of the market from what reality is. Eventually, emotion is just a big sine wave that fluctuates around reality. Eventually, it will catch up,” said Lloyd Blankfein, CEO of Goldman Sachs. … [Read more...]

October 30, 2013 – Quote of the Day

Baseball-Catcher

“If you can’t catch the most extraordinary event in our lifetimes, what do we really know? How in the world did I miss it?” said Alan Greenspan, former chairman of the Federal Reserve. … [Read more...]

October 29, 2013 – Quote of the Day

Man-Google Glasses

“The consumers have voted with their eyeballs,” said Mark Mahaney, the Internet analyst at RBC Capital, about Google’s breakout through $1,000 a share. … [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 18, 2013 – Quote of the Day

Man on Tight Rope

“The process for the investor to move out the risk curve is not complete,” said Leon Cooperman, the legendary hedge fund manager at Omega Advisors, who is projecting modestly positive returns for stocks in 2014. … [Read more...]

October 17, 2013 – Quote of the Day

Clowns

“They closed the circus, but they’re still paying the clowns. What’s going on in Washington is disgraceful,” said Leon Cooperman, the legendary hedge fund manager at Omega Advisors. … [Read more...]

October 16, 2013 – Quote of the Day

Drowning

“When your opponent is in trouble and drowning politically, you throw them a fire hose. We threw them a lifeboat and a machine gun. On a tactical basis this is an incredibly stupid move,” said Republican strategist, Mike Murphy. … [Read more...]

October 14, 2013 – Quote of the Day

Consequences sign

“Seek the truth, and let the chips fall where they may,” Said White House Correspondent, Helen Thomas, about her profession, adding “I’m a cynic with hope.” … [Read more...]

October 9, 2013 – Quote of the Day

Dice

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. … [Read more...]

October 7, 2013 – 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...]

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 30, 2013 – Quote of the Day

Stop Watch

“For several decades on Wall Street, the short term sensibility has been encouraged and compensated very highly,” said Michael Lewis, author of “The Big Short.” … [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 24, 2013 – 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...]

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 19, 2013 – Quote of the Day

David-Statue

“AIG was regulated by the Office of Thrift Supervision, which I abolished. Actually, instead of abolishing it, I wanted to change the name to the Office of Fig Leaf Dispensation,” said former chairman of the House Financial Services Committee, Barney Frank. … [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 12, 2013 – Quote of the Day

Heart Shorts

“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...]

September 10, 2013 – Quote of the Day

George Bernard Shaw

“Few people think more than two or three times a year; I have made an international reputation for myself by thinking once or twice a week,” said the Irish Nobel Prize winning playwright and cofounder of the London School of Economics, George Bernard Shaw. … [Read more...]

September 6, 2013 – Quote of the Day

Woman-Evening Gown-Car Crash

“Something is going to be passed by the congress. The only question is, will it happen before, or after a bond market crisis. There’s no alternative,” said Dr. Alan Greenspan, former chairman of the Federal Reserve. … [Read more...]

September 5, 2013 – Quote of the Day

Tesla

“Tesla (TSLA) is running faster than everyone else, so it’s hard to see how others can close the gap. I think the market smells this,” said Colin Rusch of Northland Capital Markets, and early investor in the Tesla IPO. … [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...]

September 3, 2013 – Quote of the Day

“I served seven years as the chair of the Princeton Economic Department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour, said chairman of the Federal Reserve, Ben Bernanke. … [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 26, 2013 – Quote of the Day

Ten Dollar Bill - new

“Why has government been instituted at all? Because the passions of man will not conform to the dictates of reason and justice without constraint,” said America’s first Treasury Secretary, Alexander Hamilton. … [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 16, 2013 – Quote of the Day

Target-Arrows-Bullseye

“Lacking standards, managements are tempted to shoot the arrow of performance, and then paint the bull’s eye around wherever it lands,” ” said “Oracle of Omaha”, Warren Buffet, CEO and the largest shareholder in Berkshire Hathaway. … [Read more...]

August 15, 2013 – Quote of the Day

House on Fire

“A house can be a nightmare if the buyer’s eyes are bigger than his wallet and if a lender –often protected by a government guarantee—facilitates his fantasy,” said Warren Buffet. … [Read more...]

August 13, 2013 – Quote of the Day

Warren Buffett

“Money will always flow towards opportunity, and there is an abundance of that in America….America’s best days lie ahead” said “Oracle of Omaha”, Warren Buffet, CEO and the largest shareholder in Berkshire Hathaway. … [Read more...]

August 9, 2013 – Quote of the Day

dice

“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...]

August 7, 2013 – Quote of the Day

Bubbles

“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...]

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...]

August 5, 2013 – Quote of the Day

high_dive

“People think that Treasury bonds are riskless, but a 100 basis point rise in interest rates leads to an 18% capital loss,” said Andrew Neale, a portfolio manager at Fogel Neale Partners. … [Read more...]

July 31, 2013 – Quote of the Day

Woman - Afghan

“If we had not entered the war in Iraq, the war in Afghanistan would be over by now,” said Richard Engle, NBC News’ chief foreign correspondent, who spent five year in the country. … [Read more...]

July 29, 2013 – 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...]

July 23, 2013 – Quote of the Day

warren-buffett

“I enjoy issuing Berkshire stock as much as I relish preparing for a colonoscopy” said Oracle of Omaha Warren Buffet of Berkshire Hathaway (BRK/A). … [Read more...]

July 22, 2013 – Quote of the Day

Skeletons - Bones

“Who knew the blockbuster this year would be a horror show,” said Tony Crescenzi, market strategist and portfolio manager at bond giant, PIMCO. … [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 17, 2013 – Quote of the Day

Minefield-Explosion

“It’s a bit like looking for gold in a minefield,” said Fidelity International’s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country. … [Read more...]

July 15, 2013 – Quote of the Day

President Richard Nixon

“Never again will the dollar be held hostage in the hands of speculators,” said President Richard Nixon when he took the US off the gold standard in 1971. The Dow Average posted its largest point gain in history the next day. … [Read more...]

July 10, 2013 – Quote of the Day

Nails

“We have few, if any spare tires left,” said Mohamed El-Erian, CIO of mega bond house PIMCO, about the nail studded road ahead for the US economy. … [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...]

July 5, 2013 – 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 2, 2013 – 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...]

July 1, 2013 – 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 26, 2013 – Quote of the Day

monks

“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 in Associates … [Read more...]