Waiting for the inevitable stock-market decline is testing our patience and teasing our perspicacity. Like a pregnant woman, we know what is coming, we just don't know when. The market is swollen with danger. Contractions should soon begin. We fear the birth will be quite painful, due to the long period of gestation. A large bull generally produces an equally large bear. . . Mother nature can not be rushed. She moves at her own pace in her own way. But she eventually does what is expected and accedes to Father Time.
Geraldine Weiss in "Investment Quality Trends" (Source: Barron's)It takes two to create a deception--deceiver and deceived. Plenty of the latter are around these days. Fifteen years of nearly unbroken bull markets have made people willing, eager to believe in financial miracles. . . The bull market has put a premium on deception because it pays so well.
Bernard Condon in Must Read article Pick a number, any number from Forbes (3/23/98)I buy expensive suits. They just look cheap on me.
Warren Buffett (Source: Newsweek)
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