Courtesy of Read the Ticker.
Dow Jones sunk like a led balloon, some fund managers have hot undies now, as margin calls come in. This market will take some time to clear the bad bets. More lows likely, a bounce sure!
Previous posting here on Dow Jones Gann Angles.
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Investing Quote…
…“I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful on Wall Street. As long as they realize the market is a business like any other business, they have a good chance to prosper.”…
Jesse Livermore
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”…
Bernard Baruch
..”Money couldn’t buy friends, but you got a better class of enemy”..
Spike Milligan
..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”..
John Templeton
