Quote of the day

If I only had a nickel for every time, over the years, a client asked me what I think of so and so's prediction that the market is about to crash (I use the negative example because it's those that seem to catch our clients' attention). Well:

Fear sells. Fear makes money. The countless companies and consultants in the business of protecting the fearful from whatever they may fear know it only too well. The more fear, the better the sales.

DANIEL GARDNER, The Science of Fear

Ed Stavetski describes my view perfectly (HT Robert Mortorana):

You must have an independent view of the markets or the media will force a view upon you.