Paul Sarnoff in the early-1980s
“The way things are going, you’d better have at least ten percent of your assets in gold.”
— Paul Sarnoff
The Midas metal is perking up. It could be that time, again.
Subscribe to see how Options Hotline readers are positioning to vie for fun and profit.
Happy Father’s Day! I’m remembering my dad today. Throughout my life, he reminded me, “The greatest gifts a father can give his child are roots and wings.”
h/t Getty Images
“Indecision may or may not be my problem.”
— Jimmy Buffett
“I am more concerned with the return of my money than the return on my money.”
— Will Rogers
Poway Midland Railroad h/t NBC San Diego
“When the train leaves the station, it doesn’t back up to let latecomers on. If it does, there’s something wrong with the train.”
— Walter Deemer, @WalterDeemer
Trickle by vvvracer h/t Flickr
“American workers are struggling in large part because they are underpaid—and they are underpaid because 40 years of trickle-down policies have rigged the economy in favor of wealthy people like me. Americans are more highly educated than ever before, but despite that, and despite nearly record-low unemployment, most American workers—at all levels of educational attainment—have seen little if any wage growth since 2000.”
— Nick Hanauer
“If everyone’s waiting for a pullback to buy either you don’t get a pullback or, if you do, you shouldn’t buy into it.”
— Bob Farrell
“The stock market is up on bad news because the bad news could prompt good news which would be bad news for the people had been expecting bad news but good news for the people who had expected the bad news to be good news.”
— Eddy Elfenbein, @EddyElfenbein
Kuwaiti firefighters versus burning oil well, Rumaila oilfields, Iraq 2003, h/t US Marine Corps, photo by Pfc. Mary Rose Xenikakis
“If you think it’s expensive to hire a professional, wait until you hire an amateur.”
— Red Adair
“Investor emotion-sentiment always swings from extreme to extreme. On the edges…this is where the successful investor waits patiently.”
— Ian Cassel, @iancassel
U.S. Army troops in an LCVP landing craft approach Normandy’s “Omaha” Beach on D-Day in Colleville Sur-Mer, France June 6 1944. h/t Army Signal Corps Collection/U.S. National Archives/Handout via REUTERS/File Photo
“Once the fight starts, you forget what the fight was about.”
— Tom O’Brien
Each day buyers and sellers slug it out in the market as they struggle for control of price direction.
On this 75th anniversary of D-Day, let’s never forget those who fought for freedom then. And let’s remember to do what we can to fight to protect freedom today.