"Either the economy is going to get better by itself in the next three months...What assets are going to do well? Stocks are going to do well, bonds won't do so well, gold won't do as well," he said. "Or the economy is not going to pick up in the next three months and the Fed is going to come in with QE.

"Then what's going to do well? Everything, in the near term (though) not bonds...So let's see what I got—I got two different situations: One, the economy gets better by itself, stocks are better, bonds are worse, gold is probably worse. The other situation is the fed comes in with money."..

COMMENTS: Technically Davids supporting statements for the market prior to QE2 came when his favorite stocks , the financials, were supported by the Gann Angle 1x1 line (45 degree line) around Oct 2010. Nice timing Dave ! The up trend was still intact and a great place for the mum's and pop's to follow the leader. However we doubt that $18 on the XLF will be passed with any significance, unless QE3 is announced. But if Mishkin statments are correct then QE3 may not happen (Yeah right, The Fed has a sugar high market, and I bet they sure dont want to see what happens when the sugar is taken away !). 

...“My satisfaction always came from beating the market, solving the puzzle.  The money was the reward, but it was not the main reason I loved the market.  The stock market is the greatest, most complex puzzle ever invented – and it pays the biggest jackpot…it was never the money that drove me.  It was the game, solving the puzzle, beating the market that had confused and confounded the greatest minds in history.  For me, that passion, the juice, the exhilaration was in beating the game, a game that was a living dynamic riddle"..

Jesse Livermore


.."When a company goes from crappy to less crappy, the stock goes up. When it goes from less crappy to good, the stock goes up more. When businesses become terrific, get out"..

Peter Lynch


.."A radical is one who speaks the truth."..

Charles August Lindbergh Snr

..'The inherent vice of capitalism is the unequal sharing of blessings. The inherent vice of socialism is the equal sharing of miseries"..


Winston Churchill

..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..

Bernard Baruch