Tag Archives: quotation

Quotation: 300-point rallies in the Dow happen in bear markets

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We’re in a very confusing atmosphere. People didn’t really know what to make of a 300-point rally in the Dow the other day, but my main message was that 300-point rallies from the Dow don’t happen in bull markets.

In fact, they never happened in the bull market from October ’02 to October ’07, but it has happened 6 times in this bear market and happened 12 times in the last bear market.

You don’t get moves like that in bull markets. As Rich Bernstein has said time and again, “This is the hallmark of a recession and a hallmark of a bear market.”

David A. Rosenberg, Conference Call Notes, published under the title “The Elusive Bottom” at InvestorInSight, August 2008.

Quotation: Robert Kiyosaki

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The lesson my rich dad was drumming into my head, and I mean to drum into yours, is that investing should make me richer every month, not poorer. It should put money in my pocket every month, not take money out. To him, it was a miracle that so many financial services salespeople could convince financially naive people that it was smart to pay money to invest.

Robert Kiyosaki, Invest like a Pro.