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 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 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...]

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 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...]

June 26, 2012 – Quote of the Day

sc6

“ The modern Olympic Games are orgies of lachrymose nationalism. War by other means, warrior-athletes, watched by men in suits and uniforms….rogue California chemists running their eye popping, vein-clustered, vest stripping robots against degendered state laboratory freaks,” said author, Ian Sinclair, and outspoken critic of the Olympics. … [Read more...]

June 20, 2012 – Quote of the Day

horserace

“Now, you are starting to see people front run hedge fund books. People are front running John Paulson’s book. Everybody can see this. People are starting to line up the ducks and ask which hedge funds are going to have redemptions. Which position should I get in front of? Gold is a big problem in that environment. Guess what? The biggest position in the hedge fund community is … [Read more...]

June 15, 2012 – Quote of the Day

BLENDER

“This is not 2008 or 2009. People are getting overblown with this hysteria. We are only 10% off the highs and have only given back gains. It’s like your wife may have been expecting diamond earrings and now she got a blender,” said Alan Knuckman, chief trading advisor at onestopoption.com. … [Read more...]

May 14, 2012 – Quote of the Day

209600

“Republicans and Democrats won’t engage in any kind of austerity because there is no consequence for the fiscal profligacy they are allowing today. With the Fed taking 60% of the Treasury’s bond issuance they are pulling the policeman off of the freeway so everyone can keep speeding. Until the bond market moves, you are not going to see a change in the current fiscal … [Read more...]

May 10, 2012 – Quote of the Day

buffett-1

“The policies that we followed since the great crash of 2008 have been pretty darn good. It would be nicer if GDP were galloping at 4% or 5%. But we have had a complete resuscitation of the banking system. We’ve had the economy come back in a very significant way in all cases, except residential construction. Most of our businesses are having record earnings,” said Berkshire … [Read more...]

May 7, 2012 – Quote of the Day

serial

Bank of America is out of control, yet they’ll never do any time or go out of business, because the government remains creepily committed to their survival, like overindulgent parents who refuse to believe their 40-year-old live at home son could possibly be responsible for those dead hookers in the back yard,” said Matt Taibbi, the muck racking financial journalist for Rolling … [Read more...]