Alex Berenson Quotes

If some stock categories get too hot-and-pricey, mass supply is created via stock offerings to tap that cheap money - and, when overdone, drives it all down.

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

The end of the 'tech bubble' in the year 2000 is, of course, widely recognized, as the NASDAQ stock index erased three-quarters of its value between 2000 and 2003.

More investment trusts securities were offered in September of 1929 even than in August - the total was above $600 million. However, the nearly simultaneous promotion of Shenandoah and Blue Ridge was to stand as the pinnacle of new era finance. It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.

Buy a stock at two, have it go to 30. You feel like you're on top of the world.

As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius.

During the 2000 bubble, many companies rushed to go public before they had any revenue.

You have to have in mind what you want when you go public. It's not just an end in and of itself. Suddenly, you have investors to satisfy. Investors who want - who demand - a return.

Large-caps were safe in 1996, '97, '98. Everybody was buying index funds and Nifty Fifty funds. As long as money was pouring in, it was great.

As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It's like crime without punishment or sex without sin.

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

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.

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

Gentlemen. There is no man nor group of men who can buy all the stocks that the American public can sell.

Stocks have reached what looks like a permanently high plateau.

… there is little rhyme or reason to the going up or coming down of the [Stock] Market

The enthusiasm for Tesla and other bubble-basket stocks is reminiscent of the March 2000 dot-com bubble. As was the case then, the bulls rejected conventional valuation methods for a handful of stocks that seemingly could only go up. While we don't know exactly when the bubble will pop, it eventually will.

In my business investing, you are buying a stock, and someone else is selling the stock. Right there, that's like a debate. Is the stock going up, or is it going to go down?

For every Tesla or Uber, there's a Valeant Pharmaceuticals or Theranos - two story stocks that seduced an astounding array of prominent investors and supporters based on stories that did turn out to be too good to be true.

A bull market is like sex. It feels best just before it ends.

Silicon Valley is way more correlated with Nasdaq than anyone admits.

The chief obstacle to success lies in the stubborn fact that if the favorable prospects of a concern are clearly apparent they are almost always reflected already in the current price of the stock. Buying such an issue is like betting on a topheavy favorite in a horse race. The chances may be on your side, but the real odds are against you.

A speculator gambles that a stock will go up in price because somebody else will pay even more for it.

I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't.

Never buy a stock because it has gone up or sell one because it has gone down.