- "Gold, I love gold"
Warren Buffett quote posted to a discussion board by John Bollinger:
- "Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky's advice: "I skate to where the puck is going to be, not to where it has been."
- The Dow scored a Wyckoff Spring last week by trading below its trading range and immediately trading back up within.
Jerry Costello, a trader posting to a different chat board:
- Lining the Nasdaq of today up with the depression era Dow suggests that the market is not going to fall apart. The 1929 Dow peak lines up with the 2000 Nazzie peak. See comment number 2 in this blog post.
- There is no statistical proof of market strength Thankgiving week.