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Quotes For The Week

I am scared even though the market is going up now… I am worried about the future.

-Yale economist Robert Shiller, talking about the housing market on the “Lang and O’Leary Exchange” business show on Canada’s CBC News Network back on November 24

Tim Geithner has been under attack lately. How’s he doing?

Listen, I have been a critic for years. Geithner should never have been appointed to anything. He’s been wrong about just about everything for 15 years.

Do you think he’ll lose his job?

Of course he’s going to lose his job, because as Mr. Obama realizes that Geithner doesn’t know what he’s doing, he’s going to look for somebody else because he doesn’t want to take the heat himself. So he’s going to look to blame somebody, and the obvious person is Geithner.

-Maria Bartiromo interviewing legendary investor Jim Rogers (transcript appeared on the BusinessWeek website, November 25)

Ultimately, and this is what provided the sustained leg to the 1980s bull run, the individual investor has to participate, and he/she seems to have turned off the TV and cancelled his/her subscription for Wall Street research.

-David Rosenberg, former Merrill Lynch North American economist and now chief economist and strategist at Gluskin Sheff, talking about the sustainability of the huge stock market rally on November 27 (Canada’s Financial Post website, November 28)

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