?No one is line dancing over the fact that the market is at 1,940. No one feels good about it. The market likes to climb a wall of worry, and the stonemason has been hard at work. So I think we continue to grind higher,? said Jason Trennert, chief investment strategist at Strategas Research Partners.
?Our economic machine really works. It?s worked since 1776...Look at any milestone you want to pick, and over time it?s gotten so much better,?
said Oracle of Omaha, Warren Buffett.
?The last time oil stocks were this high, Gandhi was on the cover of Time Magazine and most Germans thought Hitler was clown. IT was 1930.?
said Stephen Schork of the Schork Report.
?China is still the 800 pound gorilla. Maybe it?s no longer going to grow at 10%, but it?s still going to grow at a faster rate than Europe or the US,? said Edwin Rodriguez Jr., the biggest financial advisor in Louisiana, with $2.8 billion in assets.
?Vision without execution is just hallucination.? said Thomas Edison.
Global Market Comments
February 20, 2015
Fiat Lux
Featured Trade:
(A NOTE ON THE FRIDAY OPTIONS EXPIRATION),
(FXY), (GILD), (SPY), (VIX),
(TLT), (IWM), (QQQ), (SCTY), (USO), (GLD),
?(AN EVENING WITH TEXAS GOVERNOR RICK PERRY),
?(LNG), (UNG), (TSLA)
CurrencyShares Japanese Yen ETF (FXY)
Gilead Sciences Inc. (GILD)
SPDR S&P 500 ETF (SPY)
VOLATILITY S&P 500 (^VIX)
iShares 20+ Year Treasury Bond (TLT)
iShares Russell 2000 (IWM)
PowerShares QQQ Trust, Series 1 (QQQ)
SolarCity Corporation (SCTY)
United States Oil ETF (USO)
SPDR Gold Shares (GLD)
?I want staffers who are so loyal that they will kiss my ass in Macy?s front window and tell everyone it smells like roses,? said the late president, Lyndon Baines Johnson, the model for the character, Francis Underwood, in the hit cable TV series House of Cards.
?We need to have more faith in the central bank?s ability to print money?, said Scott Minerd, of Guggenheim Partners.
?Most inventions fail because the timing is wrong. Inventing is a lot like surfing. You have to anticipate and catch the wave just at the right moment,? said computer scientist and futurologist, Ray Kurzweil.
?China has been doing everything right for the last ten years. Our government is made up of 'C' students that were political science majors, whereas, the Chinese government is made up of PhD's that were educated at Cambridge and Harvard,' said one Washington observer.
