Eric Yuan Quotes

By March '87 we're down to seven thousand, by the end of the year we're down to twelve hundred. The whole bottom just fell out of the market. It was bad for me because I was in Australia at the time.

Wall Street is in trouble because Main Street is broke.

Remember, 2000 was the year of the dot-com bust. The telecom industry lost about $2 trillion in market capital at that time.

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street.

I was lucky enough to see with my own eyes the recent stock-market crash, where they lost several million dollars, a rabble of dead money that went sliding off into the sea.

Preventing liquidation of an unbalanced market will leave you in tears.

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

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

How much would you pay to avoid a second Depression?

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

From the peak in 2007 to the trough in 2009, Americans lost $11 trillion of net worth for households and businesses.

The Stock Market was down today. Two major businesses declared bankruptcy, consumer spending is at an all time low - in other words, Bush is back on the job.

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

In 1958, my father invested everything he had in a business venture and became the largest automobile dealership in Chicago for Ford's new Edsel line. But Edsel sales plummeted and my father fell into bankruptcy. I watched him struggle; working long hours to protect us from poverty.

A default on our debts as a result of not meeting our obligations would be a disaster for the stock market, and Americans would see their retirement funds shrivel up.

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

The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.

Within a few months in 2008, household finances were crushed as asset values fell, millions of jobs were lost, countless credit cards were canceled, and thousands of homes were foreclosed on.

In 2008, when the real estate market blew up, it principally hurt older people who saw the value of their houses go down, along with their pension plans.

Gentleman, you have come sixty days too late. The depression is over.

I have 13 bankers in my office, and they say that if you go forward with this you will cause the worst financial crisis since World War II.

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

I was 5 years old when the stock market crashed; I lost everything.

Some things never change - there will be another crisis, and its impact will be felt by the financial markets.

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.