“Lower yields, for longer, and lingering. I don’t think we’re going to get to an end for some period of time. The money that has been pumped into the system is going to keep equities high,” said Mark Grant, managing director of Hilltop Securities.
“Fair value doesn’t mean you have to go down. It just means you have to be cautious,” said hedge fund legend David Tepper of Appaloosa Management.
I like to start out my day by calling readers on the US East Coast and Europe, asking how they like the service, are there any ways I can improve the service, and what topics they would like me to write about. After all, at 5:00 AM Pacific time, they are the only ones around.
"In both the 1982 and 1990 gains, the market accelerated at the end. Lightening may not strike twice but we would advise against flying a kite in a thunderstorm," said Laszlo Birinyi of Birinyi Associates.
"Investing now is like taking a shower while Norman Bates is somewhere in your house," said Jim McTague, a journalist at Barron's.
"My experience in business helps me as an investor, and my investment experience makes me a better businessman," said Oracle of Omaha, Warren Buffett.
“When the Dow was down 3,600 points I felt like hugging our computers. The combination of man and machine is wonderful…Computers, math and game theory are the best decision makers there are,” said Bridgewater founder Ray Dalio.
“To get rich is glorious!” said Deng Xiaoping, the Chinese general who launched the country’s modern economy in the seventies.
It was with great sadness that I learned of the passing of travel guru Arthur Frommer at the age of 95. Arthur had a great influence on my life. Since many of you are now planning summer vacations, I thought I would pass on what I learned from the ultimate travel guru of all time.
Hardly a day goes by when a reader doesn’t ask me when the Australian real estate bubble is going to burst. They are right to be concerned. In the table below, Sydney is ranked as the second most expensive market in the world at 12.2 times the local median pre-tax household annual income. It is