Stock Market Crash 2020 Quotes

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

...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

The new structure of the U.S. stock market had removed the big Wall Street banks from their historic, lucrative role as intermediary. At the same time it created, for any big bank, some unpleasant risks: that the customer would somehow figure out what was happening to his stock market orders. And that the technology might somehow go wrong. If the markets collapsed, or if another flash crash occurred, the high-frequency traders would not take 85 percent of the blame, or bear 85 percent of the costs of the inevitable lawsuits. The banks would bear the lion's share of the blame and the costs. The relationship of the big Wall Street banks to the high-frequency traders, when you thought about it, was a bit like the relationship of the entire society to the big Wall ~ Michael Lewis

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

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

Christianity isn't moving people's lives today. What's moving people's lives is the stock market and the baseball scores. What are people excited about? It's a totally materialistic level that has taken over the world. There isn't even an ideal that anybody's fighting for. ~ Joseph Campbell

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. ~ Warren Buffett

Genius is a rising stock market. ~ John Kenneth Galbraith

My only foray into anything stock-market-related was in my eighth grade social studies class. I have steered clear ever since. ~ Rich Sommer

The stock market and economy are two different things. ~ Milton Friedman

Shall I make you a cup of tea? He asked. It was the classic response to crisis practiced throughout these islands - in England, Scotland, and elsewhere. Emotional turmoil, danger, even disaster could be faced with far greater equanimity if the kettle was switched on. War has been declared! There's been a major earthquake! The stock market has collapsed! Oh really? Let me put the kettle on…. ~ Alexander McCall Smith

You will never be a greater risk-taker in the markets if you approach life with a completely different attitude. ~ Henrique M. Simoes

As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics. ~ Peter Lynch

There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process. ~ Yvan Byeajee

The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds of war gathering ominously in the background ... For my money, few periods are so replete with human interest. ~ Ben Bernanke

Fake realism is the escapist literature of our time. And probably the ultimate escapist reading is that masterpiece of total unreality, the daily stock market report. ~ Ursula K. Le Guin

Money is just something you need in case you do not die tomorrow. Let this is a reminder for you not to obsess over profits and losses. In whatever you do, strive for enjoyment, focus, contentment, humility, openness... Paradoxically (and as an unintended consequence) your trading performance will improve significantly. ~ Yvan Byeajee

There is the fact that - people have had a lot of confidence that the Chinese leadership could fix what is wrong with their economy so it wouldn't have ripple effects around the world. I think that confidence is being shaken by how difficult it is for them to manage their stock market and their currency. ~ David Wessel

We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now. ~ Warren Buffett

Fear, inherently, is not meant to limit you. Fear is the brain's way of saying that there is something important for you to overcome. ~ Yvan Byeajee

Recent economic data shows that our economy is robust, growing and headed in the right direction. The numbers don't lie. Americans are currently enjoying falling gas prices, low unemployment, increased job creation, and a stock market that has reached an all-time high. ~ J. D. Hayworth

Reliability investing requires finding companies trading below their inherent worth
stocks with strong fundamentals including earnings, dividends, book value, and cash flow selling at bargain prices give their quality. ~ Amah Lambert

They said the stock market crashed, or something, but since I'm deaf I didn't hear it (ha-ha). ~ Stephen King

If a lot of money goes into the stock market, it'll push up prices, making money for stock speculators. Then the insiders can decide that it's time to sell out, and the market will plunge. ~ Michael Hudson

The consumption of alcohol is increasing among youth. Targeting young audiences, advertisers portray beer and wine as joyful, socially desirable, and harmless. Producers are promoting new types of alcoholic beverages as competitors in the huge soft-drink market. Grocery and convenience stores and gas stations stock alcoholic beverages side by side with soda pop. Can Christians who are involved in this commerce be indifferent to the physical and moral effects of the alcohol from which they are making their profits? ~ Dallin H. Oaks

Agriculture is not crop production as popular belief holds - it's the production of food and fiber from the world's land and waters. Without agriculture it is not possible to have a city, stock market, banks, university, church or army. Agriculture is the foundation of civilization and any stable economy. ~ Allan Savory

The worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. Nothing could have been more ingeniously designed to maximize the suffering, and also to insure that as few people as possible escape the common misfortune. The fortunate speculator who had funds to answer the first margin call presently got another and equally urgent one, and if he met that there would still be another. In the end all the money he had was extracted from him and lost. The man with the smart money, who was safely out of the market when the first crash came, naturally went back in to pick up bargains. The bargains then suffered a ruinous fall. Even the man who waited for volume of trading to return to normal and saw Wall Street become as placid as a produce market, and who then bought common stocks would see their value drop to a third or a fourth of the purchase price in the next 24 months. The Coolidge bull market was a remarkable phenomenon. The ruthlessness of its liquidation was, in its own way, equally remarkable. ~ John Kenneth Galbraith

Technology investment drove growth in the 1990s, both directly and by fueling a rising stock market that led to increased consumer spending. ~ Alex Berenson

Chase the story behind the stock, not the money on the table. Money will make you rich, but the story will make you wealthy. ~ Vijay Kedia