Here are some of the best quotations I came across this week…
“Didn’t your mother ever tell you that nothing good comes of stuff you do after midnight? That’s what my mother always told me!”
– Larry Kudlow, CNBC
“I think it’s fair to say that the three day weekend can’t come fast enough for the bulls as they lay bullet ridden like Sonny Corleone at a toll booth.”
– Joe Donahue, Upside Trader
I want the word “reform” back. Between health care “reform” and financial services “reform,” Obama, his operatives, and media cheerleaders are trying to depict both initiatives as being far more salutary and far-reaching than they are.
– Yves Smith, Naked Capitalism
“Should a CNBC or Fox or Bloomberg measure themselves by ratings? Maybe a ratings measurement is only appropriate for entertainment and financial media is too important to be considered entertainment. A person’s retirement and savings ARE too important to be left to a ratings number.”
– Mike Bellafiore, SMB Capital
Today it seems like every value investor thinks of himself as a contrarian, without realizing the extent to which value investors have become the market. If they’re all contrarians, none of them are. And if we’ve got another decade of secular bear market ahead of us, there are going to be a lot fewer value guys left standing at the end of it.
– Dave Pinsen, SteamCatapult
“You know, like all Jews, I was probably at a Chinese restaurant”
– Elena Kagan responding to Senate question about where she was during the Christmas bombing