James B. Stewart Quotes

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

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.

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

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

You could have another downgrade. You could certainly have a stock market reaction that would be negative. And, I think nobody who looks at it objectively would want to happen.

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.

There may be a recession in stock prices, but not anything in the nature of a crash..

The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can't imagine changing circumstances.

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.

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included.

A financial crisis is a great time for professional investors and a horrible time for average ones.

Stocks in the United States plunged in 2002 amid fears of war and terrorism, a weak economy, rising oil prices and dozens of corporate scandals. It was the third consecutive annual decline, the first time that has happened in 60 years.

There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

In falling markets, there is nothing that has not happened before. The bear or pessimist sees only the past, which imprisons the wretched financial soul in eternal circles of boom and bust and boom again.

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

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

What we know about the global financial crisis is that we don't know very much.

I have said many times that it's a mistake to bet against the long-term health of the U.S. equity markets because it's a mistake to bet against the long-term health of the U.S. economy.

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.

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

History tells us that sharp reversals in confidence occur abruptly.

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 don't think there will be a recession as a result of a vote to leave.

Forced to confront a reptile or an international financial crisis, I'll take the reptile every time.