I worked on one speech about the financial system that caused the Dow to drop, like, 200 points.
I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia.
If a division becomes insolvent, the credit markets' reaction to that is immediate - regardless of what period of time you think you have to remedy.
I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they're doing. And so the confidence level of investors is diminishing, in my view.
When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up.
If Tung Chee-hwa dies, the stock market will take off.
Financial markets will tolerate a Republican deficit but will run screaming in panic from a Democratic deficit a fraction its size.
Anyone can see how if a feared tax hike doesn't happen, that's a positive factor. But even if tax hikes happen as feared, vast history tells me it doesn't have to have the big bad impact folks fear. And fear of a false factor is always bullish.
When good news about the market hits the front page of the New York Times, sell.
You must make some decisions Wall Street dislikes.
Behavioral economics offers a plausible explanation for overreactions by the market. For example, a long period of bad performance can lead to stereotyping.
You know, the market was down yesterday... my first thought when I heard-just on a personal basis, when I heard there had been this attack and I saw the futures this morning, which were really in the tank, I thought, Time to buy.
Ever since we published the first Apple report, we've had some other brands turning more proactive.
Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.
People tend to buy dollars when there is a political disturbance elsewhere in the world.
When the former Fed chairman was in, Alan Greenspan was in, there was a saying back in those days that you called the 'Greenspan put.' Any time the treasury secretary - for the Fed chairman - said something, the market saw that as good news, and it took off.
I always believe that prices move first and fundamentals come second
I studied what happened in the bond and the stock markets during previous periods when the Fed stopped manipulating the bond market. In every single case, the moment the Fed announced that there would be a cessation of intervention, stocks declined and interest rates went up.
It's a little counterintuitive to people, that doing what people don't expect ends up being what people do expect. But that is true of Mac.
I can't stand to see red in my profit-or-loss column. I'm Taurus the bull, so I react to red. If I see it, I sell my stocks quickly.
If you put tariffs in place, it creates inflation. If you put inflation in place, you have to raise interest rates. You raise interest rates, and stock markets shouldn't be so high.
Knowing something and acting on that knowledge in a political setting are two different things…. Finally the markets come and hit you over the head.
The stock market was relieved that the Fed didn't sound tougher, and the stock market seems to figure that everything they like about Donald Trump will come true, and everything they're afraid of about Donald Trump will not come true.
On Friday, October 28, 2016, the FBI disclosed that they were reopening Clinton's email probe, and the same day, gold hit $1280/oz. Conversely, oil dropped by $1.33 to $45.34 per barrel, while stock prices also took a tumble.
Facebook stock continues to plummet. People started selling once they found out their mom bought it too.
