Ron Chernow Quotes

You do not have to be a rocket scientist to know that it is hard for a market to keep going up when more and more people are getting out.

When good news about the market hits the front page of the New York Times, sell.

When the market goes to hell, it's more of an opportunity than a problem.

We say, 'The market plummets,' like it's some roaring creature.

I can find only one bull market, in 1935, that didn't have some material indigestion within its first 12 months.

If you go back to 2001, the market had two violent short covering rallies then, although I know the market didn't officially get going until March 2003.

At least us old men remember what a real bear market is like, and the young men haven't got a clue.

Normally, the market peaks before bad news emerges. That's what happened in 1929, and that's what happened in 2000.

Whenever I see a stock market explode, six to 12 months later you are in a full blown recovery.

I was in the equity-trading department at Merrill Lynch. I was there in 1987 when the market crashed.

There will always be bull markets followed by bear markets followed by bull markets

The trend of the market is up, not down. Shorting stocks puts you against that trend and thus makes it more difficult to make money.

I think we're in the beginning of a bull market. When a bull market begins, nine months later the economy turns around.

You know, the market was down yesterday... my first thought when I heard-just on a personal basis, when I heard there had been this attack and I saw the futures this morning, which were really in the tank, I thought, Time to buy.

The upward move at the beginning of a bull market is almost always huge compared with the vacillations late in the bear market. If you try to pick a bottom, you will miss a good part of the action.

If there's a recession, I'd buy stocks. That's when you make money: when markets are spooked.

For those of us in the financial world, Black Friday has a strong negative connotation, referring to a stock market catastrophe.

Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes.

The way to make money is to buy when blood is running in the streets.

Normally, if you have a huge category that leads a bear market all the way down to the bottom - like tech after 2000, or energy in the '80-'82 bear market - you get one quick pop, and then years of lag as we fight the old war.

In history, the evidence is overwhelming: Stock market bottoms happen, and then stocks jolt upwards while the economy keeps getting worse - sometimes by a lot and for a long time.

There will be no repetition of the break yesterday …. I have no fear of another comparable decline.

What about stocks? You got to buy them. What if they break? You have to buy the dips.

One of the frustrating things for people who miss the first rally in a bull market is that they wait for the big correction, and it never comes. The market just keeps climbing and climbing.

Like a bank run, a decline in stock prices creates its own momentum.