Wednesday, September 2, 2015

Quotes of the Day

September 1, 2015
CNBC: Stock selloff: Nobody panic—this is just a re-test

Corrections, by their nature, are short, sharp and scary. Bear markets are long in the making and start with a whimper, not a bang.

Out of curiosity, what would one call six months of whimpering followed by a bang? Because from where I sit, the stock market produced six months of nothing burger followed by an ongoing panic.

August 19, 2015
USA Today: Why the stock market is going nowhere fast

The big question is whether the sideways action will end with a breakout to the upside or downside.

To the upside? That dog don't hunt.

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