"Everybody knows stocks are overvalued, but the market is going up because the market is going up."
Superior Court Judge Elizabeth Hurley noted that many teenagers feel the same way about an unplanned pregnancy but do not commit violent crimes as a result. "It became apparent," she told Trejo, "you had so many other options."
"...in the entire history of the United States stock prices have never been more overvalued than they are at this moment."
"Here is a young man, who grew up during the longest bull market in history, just took his exam last year, has no real investment experience to speak of, and is now giving advice to people with no investment knowledge. What could possibly go wrong?"
The lesson being, DON'T leave your computer camera uncovered, DON'T leave your smartphone camera uncovered, and NEVER EVER install a camera in your home.
"...I am deeply concerned about Mt. Popocatepetl. It has the potential to create the worst natural disaster in the modern history of North America..."
"Taking profits and reducing risks now may lead to a short-term underperformance in portfolios, but you will likely appreciate the reduced volatility if, and when, the current optimism fades."
In the average recession, gross domestic product (GDP) is not the only thing shrinking—incomes, employment, industrial production, and retail sales tend to shrink as well.