Quotes of the Day

Some e-marketers avoid "FREE" in the subject line. Despite spam filters, "FREE" typically lifts response. [2005] - Robert W. Bly

There are three basic types of trading conditions: 1. Trending 2. Range-bound 3. Consolidating. [2007] - Ed Ponsi

Options and futures markets, which are popular with day traders, are zero-sum markets. So who wins and loses in a zero-sum market? Some days, it all depends on luck, but over the long run, the winners are the people who are the most disciplined. They have a trading plan, set limits and stick to them, and can trade based on the data on the screen - not based on emotions like hope, fear, and greed. The stock market is not a zero-sum game. As long as the economy grows, company profits will grow, and that will lead to growing share prices. There really are more winners than losers over the long run. [2011] - Bryan Borzykowski

There are several reasons why future stock market returns will be lower than we are used to seeing. One is that inflation will probably be closer to 2% rather than the average of nearly 4% that has prevailed since 1960. Another is that pension fund managers invest about 60% in equities rather than 50%. A third reason is that the bond portion of portfolios will not do as well in the future because interest rates are so low. Long-term bonds can achieve high returns when interest rates go from high to low because they are producing capital gains as well as regular interests. For this reason, it's practically impossible to obtain high returns on bonds when the starting point is low interest rates. [2020] - Frederick Vettese

Time Distancing: Think about the immediate future, and you will have a bigger emotional response than if you take a longer-term view. Next time you are in the grip of a stressful event, ask yourself, In 10 years, will this event still have an impact on me? In studies, people asked to pose this question to themselves had more challenge thoughts. Recognizing the impermanence of an event helps you get over it faster. [2017] - Elizabeth Blackburn