Quotes of the day

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. ... What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over. ... In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497. ... The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.--Warren Buffett

It's clear that the government would like us to use the capital. If you are a bank that is filling a hole, you obviously can't do that.--Jamie Dimon

... it sounds like Senator Obama wants to close the projected gap between taxes and spending entirely by raising taxes.--Greg Mankiw

The Bush administration, having entered office as social conservatives, leaves office as conservative socialists ...--Brad DeLong