“There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it’s the end of a bull market or the end of a bear market.”
– Paul Tudor Jones, one of America’s most successful hedge fund managers.
“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”
– Renowned MIT Economics Professor Rudi Dornbusch
“The psychological effect of stock market activities on business is, I think, overemphasized…I do not think that the fall in security prices will itself cause any great curtailment in consumption.”
– E. H. H. Simmons, president of the NY Stock Exchange,
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