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 Broadcast.com. … [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

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 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

Girl_Frightened

“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

Beach

“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

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...]

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

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...]

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

Chalkboard

'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

scale

“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

zimbabwe-1

“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

Computer

“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

Dominoes

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

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...]

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

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 29, 2013 – Quote of the Day

Moses

“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

Gandolf

“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

Rifle

“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

Homework

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

FiringSquad2

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

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, 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...]

September 18, 2012 — Quote of the Day

As opposed to the mentality of the last couple of years where you faded every piece of good news, we may be moving to a period where you fade the bad news because you know there is a clear game plan below it,” Jim O’Neill, chairman of Goldman Sachs International in London.   … [Read more...]

September 13, 2012 — Quote of the Day

“Facebook was being priced as if it were a beautiful woman without a blemish.  If any kind of blemish appeared, they will kill the stock.  I’d rather own Google or Apple,” said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors. … [Read more...]

September 10, 2012 – Quote of the Day

“Over the next several years, you will be shocked and surprised at the strength of the emerging Chinese consumer,” said Stephen Roach, the former Chairman of Morgan Stanley Asia. … [Read more...]

September 7, 2012 – Quote of the Day

bad-economy

“No matter who wins the election, we still have a lot of wood to chop. There is no way we continue to run huge deficits without a severe market consequence,” said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors.     … [Read more...]

September 6, 2012 – Quote of the Day

0703a_scary_market_top

“The most expensive advice that you will ever get is to be told at a market top that “This time it’s different,” said Harvard economics professor Kenneth Rogoff   … [Read more...]

September 4, 2012 – Quote of the Day

high-gas-prices-photo

“For the third year in a row, high oil prices have slowed down the general economy, because disposable income is lost to high gasoline prices,” said John Hofmeister, former CEO of Shell Oil.   … [Read more...]

August 31, 2012 – Quote of the Day

old

"I mind my own business," she told the Guinness World Records. "And I don't eat junk food," Said Besse Cooper, the world’s oldest person, on her 116th birthday in Monroe, Georgia. … [Read more...]

August 29, 2012 – Quote of the Day

probability1_s600x600

“I’m in the probability business, not the forecasting business. Certainties offer very low returns, uncertainties, high returns,” said venture capitalist, Vinod Khosla. … [Read more...]

August 29, 2012 – Quote of the Day

th_CLIF

“Central banks can do whatever they want. But there is no monetary policy powerful enough to prevent the U.S. from going into recession in the first six months of next year if the fiscal cliff happens,” said strategist, Dan Greenhaus. … [Read more...]

August 28, 2012 – Quote of the Day

LieutenantGeneralRayOdierno

“The strength of the Army must be credible enough to keep the knuckleheads abroad from miscalculating and instigating conflicts which they can’t win,” said Army Chief of Staff, General Ray Odierno. … [Read more...]

August 27, 2012 — Quote of the Day

savingface2

“There’s been a lot of lost face in asset allocation over the past five years. Who would have thought that government bond yields could have gone so low?” said Michael Turner, a strategist at Aberdeen Asset Management.       … [Read more...]

August 24, 2012 – Quote of the Day

Parents swear, and children suffer 2

“Right now, our politics are holding us back. It’s like being the children of permanently divorcing parents. The political environment is a real downer for a lot of people, and their holding back,” said New York Times columnist, Tom Friedman, author of the book, That Used To Be US. … [Read more...]

August 23, 2012 – Quote of the Day

steve-1

“Today, 20% of enterprises are using Apple computers on their desktop. For the first time in 30 years, for developers, it is Apple first, not Apple second. This fundamentally changes our investment thesis,” said Ann Winblad of Winblad Hummer Venture Partners. … [Read more...]

August 21, 2012 – Quote of the Day

wall-1

I’ve said it many times. Energy’s share of GDP at 17% is a wall. When we get to 17%, we almost always have a recession. And by the way, we are at 15% now,” said Joe Petrowski, CEO of the Cumberland Gulf Group, a petroleum marketer. … [Read more...]

August 20, 2012 – Quote of the Day

Zeus--greek-mythology-687267_1024_768

“We can’t even have a decent conversation about tax reform because there is so much mythology out there,” said former Treasury Secretary, Paul O’Neill. … [Read more...]

August 15, 2012 – Quote of the Day

Social Security Reform Becomes A Divisive Issue

“There will be much more printing of money because central bankers are willing to do that. This does solve problems, it postpones them so they can become larger,” said Mark Faber, publisher of the Gloom, Boom, and Doom Report. … [Read more...]

August 13, 2012 – Quote of the Day

twain-1

“I used to tell lies. But I’ve given it up, because the field has become overrun with amateurs,” said the great American 19th century humorist, Mark Twain. … [Read more...]

August 8, 2012 – Quote of the Day

hammer

“It’s ironic that just as we break out of a three year trading range, the market is about to be hit by a sledge hammer,” said Dave Rovelli at Canaccord Genuity. … [Read more...]

August 7, 2012 – Quote of the Day

pain-1

“There seems to be an impression that we can solve our problems without pain. There is no conceivable way that can happen,” said former Federal Reserve chairman, Alan Greenspan. … [Read more...]

August 6, 2012 – Quote of the Day

risk

“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...]

August 3, 2012 – Quote of the Day

bomb

“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...]

August 2, 2012 – Quote of the Day

study

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

August 1, 2012 – Quote of the Day

consumer

“The consumer in the United States has basically disappeared. There are no jobs, no wage increases, and therefore no spending,” said Bill Gross of bond giant, PIMCO. … [Read more...]

July 31, 2012 – Quote of the Day

hands

“We didn’t get here by accident. America is the product of the greatest public/private partnership in the history of the world,” said Tom Friedman, international affairs columnist at the New York Times.   … [Read more...]

June 30, 2012 – Quote of the Day

arrow

“Computers crash, and you have to reboot them. That will happen to the global economy,” said Mark Faber, publisher of the Gloom, Boom, and Doom Report. … [Read more...]