“We have the intelligence of a moss growing on a rock compared to nature as a whole…Don’t get hung up on your views of how things should be because you’ll miss out on learning how they really are,” said hedge fund legend Ray Dalio.
"In the US you had ten bad years in a row (during the Great Depression) and it still turned out to be a pretty good century," said Lloyd Blankfein, CEO of Goldman Sachs.
"Everybody talks about the Volatility Index (VIX), but the new fear gauge is the 10-year Treasury bond," said Art Cashin of UBS Financial Services.
When asked how he manages the time to be chairman of Microsoft, run the world's largest charity, and raise three kids, Bill Gates answered, "I don't mow the lawn."
“The bulls have the run of the table here on oil,” said John Kilduff from Again Capital Partners.
"By historic, fundamental measures, stocks are extremely high. PE multiples are at 100-year 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.
When asked about the urban legend that the vaults at Fort Knox are empty, and that the Fed has no gold, former Federal Reserve Chairman Ben Bernanke responded, "I've been to the basement of the New York Fed. The gold is there. I've seen it."
Global Market Comments October 1, 2018 Fiat Lux Featured Trade: (THE MARKET OUTLOOK FOR THE WEEK AHEAD, or DON’T NOMINATE ME!), (AMZN), (NVDA), (AAPL), (MSFT), (GLD), (ABX), (GOLD), (JOIN US AT THE MAD HEDGE LAKE TAHOE, NEVADA, CONFERENCE, OCTOBER 26-27, 2018)
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