Market Crash Quotes

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem. ~ Ben Bernanke

Some calamities - the 1929 stock market crash, Pearl Harbor, 9/11 - have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by the demographics of an aging population, its causes, timing and scope are known. ~ George Will

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information. ~ Christina Romer

In the 1987 stock market crash, according to the conclusions of the official Brady report, colossal sales of stock index futures by so-called portfolio insurers - whose investment strategies depended entirely on these derivatives - greatly exacerbated the 500-point market decline. ~ Carol Loomis

Here is an all-too-brief summary of Buffett's approach: He looks for what he calls "franchise" companies with strong consumer brands, easily understandable businesses, robust financial health, and near-monopolies in their markets, like H & R Block, Gillette, and the Washington Post Co. Buffett likes to snap up a stock when a scandal, big loss, or other bad news passes over it like a storm cloud - as when he bought Coca-Cola soon after its disastrous rollout of "New Coke" and the market crash of 1987. He also wants to see managers who set and meet realistic goals; build their businesses from within rather than through acquisition; allocate capital wisely; and do not pay themselves hundred-million-dollar jackpots of stock options. Buffett insists on steady and sustainable growth in earnings, so the company will be worth more in the future than it is today. ~ Benjamin Graham

...Laying blame for the global financial crisis on any single individual, let alone on an eighty-three year old man, seems as ethically flawed as some of the broader moral failures permeating society in the lead-up to the crisis. ~ Jeremy Balkin

If there was a day of the week I could skip it would be Monday. Clients had too much time to think and worry over a long weekend and by Monday they were often riddled with fear and anxiety. ~ Stan Turner

Trump only cares how the covid-19 pandemic affects him, his bank account, and his chances of getting re-elected. ~ Oliver Markus Malloy

In the 1920s, he decided that it was cheaper to drill for oil than to buy the overvalued shares of other oil companies. After the 1929 stock market crash, he completely changed tack; he saw that oil shares were selling at a great discount to assets, and he turned to prospecting for oil on the floor of the stock exchange - in ~ Daniel Yergin

Once the smoke of the market crash clears off, you know, the Internet will pick back up and go. Take a look at what's happening to some of the big companies like eBay and Yahoo, the publicly traded stocks. You know, they're all coming back up off the mat now. ~ Michael Nesmith

The stock exchanges have converted from "open outcry" where wild traders face each other, yelling and screaming as in a souk, then go drink together. Traders were replaced by computers, for very small visible benefits and massively large risks. While errors made by traders are confined and distributed, those made by computerized systems go wild - in August 2010, a computer error made the entire market crash (the "flash crash"); in August 2012, as this manuscript was heading to the printer, the Knight Capital Group had its computer system go wild and cause $10 million dollars of losses a minute, losing $480 million. ~ Nassim Nicholas Taleb

When my book 'Rich Dad's Prophecy' was released in 2002, most financial newspapers and magazines trashed it because I discussed a looming stock market crash. ~ Robert Kiyosaki

I was having dinner…in London…when eventually he got, as the Europeans always do, to the part about "Your country's never been invaded." And so I said, "Let me tell you who those bad guys are. They're us. WE BE BAD. We're the baddest-assed sons of bitches that ever jogged in Reeboks. We're three-quarters grizzly bear and two-thirds car wreck and descended from a stock market crash on our mother's side. You take your Germany, France, and Spain, roll them all together and it wouldn't give us room to park our cars. We're the big boys, Jack, the original, giant, economy-sized, new and improved butt kickers of all time. When we snort coke in Houston, people lose their hats in Cap d'Antibes. And we've got an American Express card credit limit higher than your piss-ant metric numbers go. You say our country's never been invaded? You're right, little buddy. Because I'd like to see the needle-dicked foreigners who'd have the guts to try. We drink napalm to get our hearts started in the morning. A rape and a mugging is our way of saying 'Cheerio.' Hell can't hold our sock-hops.
We walk taller, talk louder, spit further, fuck longer and buy more things than you know the names of. I'd rather be a junkie in a New York City jail than king, queen, and jack of all Europeans. We eat little countries like this for breakfast and shit them out before lunch. ~ P.J. O'Rourke

Greece bankruptcy will trigger a market crash. My advice: Buy Bitcoin & Gold, Both will rise when the markets crash ~ Kim Dotcom

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers. ~ Ben Bernanke

But you just watch, little girl. I'm goin' to show 'em. In five years they'll come crawlin' to me on their bellies. I don't know what it is, but I got a kind of feel for the big money. ~ John Dos Passos

After the stock market crash, some New York editors suggested that hearings be held: what had really caused the Depression? They were held in Washington. In retrospect, they make the finest comic reading. The leading industrialists and bankers testified. They hadn't the foggiest notion what had gone bad. You read a transcript of that record today with amazement: that they could be so unaware. This was their business, yet they didn't understand the operation of the economy. The only good witnesses were the college professors, who enjoyed a bad reputation in those years. No professor was supposed to know anything practical about the economy. ~ Studs Terkel

Keeping your ear to the ground in the Markets is a sound investment. ~ Amah Lambert

I don't know the odds of an earthquake, but I can imagine how San Francisco might be affected by one. This idea that in order to make a decision you need to focus on the consequences (which you can know) rather than the probability (which you can't know) is the central idea of uncertainty. Much of my life is based on it.

You can build an overall theory of decision making on this idea. All you have to do is mitigate the consequences. As I said, if my portfolio is exposed to a market crash, the odds of which I can't compute, all I have to do is buy insurance, or get out and invest the amounts I am not willing to ever lose in less risky securities. ~ Nassim Nicholas Taleb

The shadow and flutter of Constant's helicopter settling to the heliport seemed to many of the people below to be like the shadow and flutter of the Bright Angel of Death. It seemed that way because of the stock-market crash, because money and jobs were so scarce - And it seemed especially that way to them because the things that had crashed the hardest, that had pulled everything down with them, were the enterprises of Malachi Constant. ~ Kurt Vonnegut

The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality? ~ Andre Gunder Frank

Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included. ~ Pola Negri

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation. ~ Ron Chernow

I was lucky enough to see with my own eyes the recent stock-market crash, where they lost several million dollars, a rabble of dead money that went sliding off into the sea. ~ Federico Garcia Lorca

From early Colonial days, sex life in America had been based on the custom of men supporting women. That situation reached its heyday in the Twenties when it was easy for any dabbler in stocks to flaunt his manhood by lavishing an unearned income on girls. But with the stock-market crash, men were hard put even to keep their wives, let alone spend money on sex outside the home. The adjustment was much easier on women than on men, who jumped out of windows in droves, whereas I can't recall a single headline that read: KEPT GIRL LEAPS FROM LOVE NEST. ~ Anita Loos

Spinach and champagne. Going back to the kitchens at the old Waldorf. Dancing on the kitchen tables, wearing the chef's headgear. Finally, a crash and being escorted out by the house detectives. ~ Zelda Fitzgerald

It was now Frodo's turn to feel pleased with himself. He capered about on the table; and when he came up a second time to the cow jumped over the Moon, he leaped in the air. Much too vigorously; for he came down, bang, into a tray full of mugs, and slipped, and rolled off the table with a crash, clatter, and bump! The audience all opened their mouths wide for laughter, and stopped short in gaping silence; for the singer disappeared. He simply vanished, as if he had gone slap through the floor without leaving a hole! ~ J.R.R. Tolkien

Like riding a bike for the first time, sometimes you just have to go for it. If you keep looking forwards and maintain your momentum, it will probably go well. But if you start to doubt yourself and look back, you are more likely to suffer a major wobble followed by a crash. ~ Roz Savage

The purely random sample is the only kind that can be examined with confidence by means of statistical theory, but there is one things wrong with it. It is so difficult and expensive to obtain for many uses that sheer cost eliminates it. A more economical substitute, which is almost universally used in such fields as opinion polling and market research, is called stratified random sampling. ~ Darrell Huff

We attracted a lot of market timers and asset allocators. I don't need those ... amateurs in my fund. ~ Martin J. Whitman

The field of human relations in Freud's sense is similar to the market - it is an exchange of satisfaction of biologically given needs, in which the relationship to the other individual is always a means to an end but never an end in itself. ~ Erich Fromm

Though my heart may be left of centre, I have always known that the only economic system that works is a market economy ... This is the only natural economy, the only kind that makes sense, the only one that can lead to prosperity, because it is the only one that reflects the nature of life itself. ~ Vaclav Havel

Computers have their own aleatoric aspect, too. They crash! But I'm a knob person. I like twiddling knobs. ~ Zeena Parkins

I want completing the single market to be our driving mission. I want us to be at the forefront of transformative trade deals with the US, Japan and India as part of the drive towards global free trade. And I want us to be pushing to exempt Europe's smallest entrepreneurial companies from more EU directives. ~ David Cameron

People are increasingly becoming disappointed and disillusioned with politics and business, and especially with the market economy. They are meeting the physical needs of human beings, maybe. They are providing food. But not good and healthy food. ~ Satish Kumar

This creative tension between wonderful and terrible is named so well by Gerard Manley Hopkins, as only poets can. Even the long title of his poem reveals his acceptance of the ever-changing flow of Heraclites and also his trust in the final outcome: "That Nature Is a Heraclitean Fire and of the Comfort of the Resurrection." Flesh fade, and mortal trash fall to the residuary worm; world's wildfire, leave but ash: In a flash, at a trumpet crash, I am all at once what Christ is, since he was what I am, and This Jack, joke, poor potsherd, patch, matchwood, immortal diamond, ~ Richard Rohr

It's mostly the financial chicanery that's going on. People are saying 'What kind of trust can we put in this market?' ~ Mike Farrell

Predictions are predictions. If you could predict the stock market, you would be super rich. But I have to race the race. It doesn't matter what I've done over the last few years. I have to race at the Olympics. ~ Mark De Jonge

You can never let the market quote turn from an asset to a liability. Graham ~ Jeremy Miller

I would rather put out two year-defining songs a year than flood the market with eight or nine songs. ~ Ryan Tedder

If you rush to take a drug, do so with the full knowledge that you are being a Guinea Pig. The longer a drug is on the market, the more will be known about the side effects. ~ Robert S. Mendelsohn

He brought the tray into the bedroom, then set it on the floor next to the bed. At Kellan's perplexed expression, Vic jerked a thumb over his shoulder. "Hold on, I have to grab one more thing."
Vic scurried to the living room then retrieved the item he wanted. As soon as Kellan's gaze landed on the gift bag holding the stuffed wolf they'd bought at the market, he slapped a hand to his mouth, his eyes glittering, but happy. Vic sat on the bed and placed the bag next to the egg.
"For our baby. I'll always protect and love them as I protect and love you." Vic leaned over and kissed the top of the shell peeking out from under the blankets.
Kellan grabbed Vic's hand, twining their fingers together. "I love you, Vic, my big bad wolf." A lone tear slid down Kellan's cheek, but his smile remained wide. "Merry Christmas."
Vic pressed a kiss to Kellan's palm. "Merry Christmas, sweetheart ~ M.M. Wilde

Every star has its own orbit; and between it and its nearest neighbor there is not only a powerful attraction but an infinite distance. When the attraction becomes stronger than the distance the two do not embrace: they crash together in ruin. ~ George Bernard Shaw

[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market is worried the central banks have run out of ammunition. So put these two things together, and then investors are repricing the market lower. ~ Mohamed El-Erian

In business, the market gives you feedback in real time. Your sales figures tell you what's working, what isn't, and how you need to change. If you don't listen to the feedback, you go belly up. In philanthropy, there is no market. ~ Jeff Raikes

Let's face it, we're skunk drunk and it's because of money. It's almost like we all need to enter Betty Ford Clinic 2.0 together. This time, it's not stock market money but private equity, M&A, VCs and to some degree the reckless abandonment of logic by some advertisers who are perpetuating what is sure to end badly when the economy turns. Hubris is back my friends. ~ Steve Rubel

As a leftover sixties liberal, I believe that the long arm and beady eyes of the government have no place in our bedrooms, our kitchens, or the backseats of our parked cars. But I also feel that the immediate appointment of a Special Pastry Prosecutor would do much more good than harm. We know the free market has totally failed when 89 percent of all the tart pastry, chocolate-chip cookies, and tuiles in America are far less delicious than they would be if bakers simply followed a few readily available recipes. What we need is a system of graduated fines and perhaps short jail sentences to discourage the production of totally depressing baked goods. Maybe a period of unpleasant and tedious community service could be substituted for jail time. ~ Jeffrey Steingarten

What should have died along with communism is the belief that modern societies can be run on a single principle, whether that of planning under the general will or that of free-market allocations. ~ Charles Taylor

The courage to press on regardless
regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us
is the quintessential attribute of the successful investor. ~ John C. Bogle

I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia. ~ Jesse Lauriston Livermore

In the stock market the more elaborate and abstruse the mathematics the more uncertain and speculative the conclusion we draw therefrom ... . ~ Michael Lewis

People need a moral code, to help them make decisions. All this bio-yogurt virtue and financial self-righteousness are just filling the gap in the market. But the problem is that it's all backwards. It's not that you do the right thing and hope it pays off; the morally right thing is by definition the thing that gives the biggest payoff. ~ Tana French

You can't take a crash course in serenity. ~ Shirley Maclaine

I have observed private and proprietary colleges, like the University of Phoenix, and the market they serve. And I found it intriguing the way in which they are trying to deliver the product, with more accountability, for a price. ~ Roy Romer

I never ask if the market is going to go up or down because I don't know, and besides it doesn't matter. I search nation after nation for stocks, asking: 'Where is the one that is lowest-priced in relation to what I believe it's worth?' Forty years of experience have taught me you can make money without ever knowing which way the market is going. ~ John Templeton

The Muslim women that I have met are super-powerful and amazing and smart and they are, they're not allowing themselves to be held back by the laws that exist. And you know, the Internet exists now, and mobile phones are freeing up stuff. I have a really good friend who's from Iran and a really good friend who's from Kuwait, and they talk about getting music on the black market and how that's such an intense, amazing experience. And how they value the music so much more, because it's such a risk to own it. ~ Larkin Grimm

A tremendous chief executive in a small market will never be great. All great companies start with great markets. ~ Douglas Leone

The chief problem with the individual investor: He or she typically buys when the market is high and thinks it's going to go up, and sells when the market is low and thinks it's going to go down. ~ Harry Markowitz

If the veteran only has a year or two left on his contract, teams are hesitant to trade a draft pick for a player in that position. Why pay a big cap number for a guy you might only have for a short time And then there's the reality that the veteran and the agent would probably want to be on the open market anyway, figuring they'll get more money that way. The system is not conducive to making a deal for a veteran. ~ Marty Hurney

We find the same situation in the economy. On the one hand, the battered remnants of production and the real economy; on the other, the circulation of gigantic amounts of virtual capital. But the two are so disconnected that the misfortunes which beset that capital – stock market crashes and other financial debacles – do not bring about the collapse of real economies any more. It is the same in the political sphere: scandals, corruption and the general decline in standards have no decisive effects in a split society, where responsibility (the possibility that the two parties may respond to each other) is no longer part of the game.
This paradoxical situation is in a sense beneficial: it protects civil society (what remains of it) from the vicissitudes of the political sphere, just as it protects the economy (what remains of it) from the random fluctuations of the Stock Exchange and international finance. The immunity of the one creates a reciprocal immunity in the other – a mirror indifference. Better: real society is losing interest in the political class, while nonetheless availing itself of the spectacle. At last, then, the media have some use, and the 'society of the spectacle' assumes its full meaning in this fierce irony: the masses availing themselves of the spectacle of the dysfunctionings of representation through the random twists in the story of the political class's corruption. All that remains now to the politicians is the obligation to sacrifice themselves ~ Jean Baudrillard

Too elevated qualities often unfit a man for society. We do not go to market with ingots, but with silver and small change. ~ Nicolas Chamfort

I always order the banned books from a black market dealer in California, figuring if the State of Mississippi banned them, they must be good. ~ Kathryn Stockett

This malignant persistence since September 11th is the biggest surprise of all. In previous decades, sneak attacks, stock-market crashes, and other great crises became hinges on which American history swung in dramatically new directions. But events on the same scale, or nearly so, no longer seem to have that power; moneyed interests may have become too entrenched, elites too self-seeking, institutions too feeble, and the public too polarized and passive for the country to be shocked into fundamental change. ~ George Packer