March 19, 2012 – Quote of the Day

?I don?t like the bond market at all. A jackass in a Tuxedo is still a jackass,? said Bill Spiropoulis at Corestates Capital Advisors

March 7, 2012 – Quote of the Day

?We are about to do something terrible to you. We are going to deprive you of an enemy,? Soviet commentator, Georgi Arbitov, told Secretary of State George Schultz at the end of the cold war.

February 29, 2012 – Quote of the Day

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.

February 23, 2012 – Quote of the Day

?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).

 

February 22, 2012 – Quote of the Day

?The transition from a levering, asset-inflating secular economy to a post bubble delivering era may be as difficult for one to imagine as our departure into the hereafter,? said PIMCO managing director, Bill Gross, the world?s largest bond manager.

February 17, 2012 – Quote of the Day

?A central bank is best that governs least, but is prepared to govern radically when called upon,? said 19th century man of letters, Walter Bagehot, an early editor of The Economist

February 15, 2012 – Quote of the Day

‘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.

February 14, 2012 – Quote of the Day

?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. Click on my “Podcast” page above to hear the interview.

 

February 13, 2012 – Quote of the Day

‘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.

February 10, 2012 – Quote of the Day

‘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.