Until Americans feel that their core asset - their homes - are stabilized, they are not going to have the animal spirits and they will continue to have less buying power.
Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches.
Wall Street is stronger than ever.
The cure for Apple is not cost-cutting. The cure for Apple is to innovate its way out of its current predicament.
Our economy isn't going to recover until the housing market finds its footing.
Obviously, no one knows when the market is going to bottom out, and I am certainly not an economist.
At the end of 2000, most investors were optimistic that a return to quick gains could not be far off.
Global stocks bottomed in June 1921, but global economies didn't hit bottom for fully two more years.
Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy.
I can find only one bull market, in 1935, that didn't have some material indigestion within its first 12 months.
Shipping has a great oversupply of vessels that came from over-ordering a few years back. We think 2014 may be when it turns around.
It's a tough marketplace right now... It is very compressed... A turnaround is likely to happen quicker than before.
Overnight business could go down enough to hurt; yet as a rule it slowly recovered-sometimes it seemed to take forever-went up, not high enough to be really up, only not down.
People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.
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.
Perhaps never before or since have so many people taken the measure of economic prospects and found them so favorable as in the two days following the Thursday [24th October 1929] disaster.
I am telling folks that the Country as a whole is "Sound," and that all those who's heads are solid are bound to get back into the market again. I tell 'em that this Country is bigger than Wall Street, and if they don't believe it, I show 'em the map.
Once the smoke of the market crash clears off, you know, the Internet will pick back up and go. Take a look at what's happening to some of the big companies like eBay and Yahoo, the publicly traded stocks. You know, they're all coming back up off the mat now.
A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.
If there's been a crisis in a market, you don't tend to have a new crisis in that market until the people who went through the last crisis aren't in the system anymore.
Housing works like a trampoline. When it is pushed down far enough and long enough, it will eventually snap upward very powerfully.
It's only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony.
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.
I'm hoping there'll be, if not a boom, then a big pick-up in housing because if that happens, then it will employ a lot of people, and the domino effect will go through the community, and it will help everyone.
