“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.
“Analysts don’t know preferred stock from livestock,” said Gordon Gekko in the classic film Wall Street.
“Volatility will be our traveling companion for a while,” said one strategist.
“The circulation of confidence is better than the circulation of money,” said President James Madison, America’s fourth president.
"Technology has outrun the ability of the market to handle it. When the next bear market comes, there could be a messy affair," said my friend and client Leon Cooperman of hedge fund Omega Advisors.
“The next big story in credit is going to come from Asia” said Tres Knippa of Kenai Capital Management.
“Life can be understood backwards, but it must be lived forwards,” said Oracle of Omaha Warren Buffet.
“I wouldn’t want to see everyone get down to where Detroit is before we declare a bottom in residential housing,” said David Blitzer, former chairman of the S&P 500 Index Committee.
"I had no idea Amazon would produce this kind of performance. I blew it," confessed Oracle of Omaha Warren Buffett.
“Gold is my cash. Over the long term it is not the best investment. But when you are having a monetary crisis it should be part of every portfolio,” said hedge fund legend, Ray Dalio of Bridgewater Associates.