I don't GIVE a damn about the stock MARKET. But I do CARE about jobs.

I am not criticizing INVESTING in the STOCK MARKET; I am an INVESTOR.

The STOCK MARKET is a discounter of all KNOWN INFORMATION.

But we have to ask ourselves, what's the purpose of the STOCK market? It's supposed to be a source of CAPITAL for GROWING business. It's lost that purpose.

The guy that just arranges THINGS so that the STOCK market HOLDS up is nobody in my - in my estimation.

The STOCK market has an insidious effect on C.E.O.s' moods, because of its impact not just on their COMPANIES but on their own BANK accounts.

I STUDIED economics and THOUGHT I wanted to play with the stock MARKET - my dad was a financial adviser - and I was GOING to go down that path. I was an intern at Smith BARNEY.

The STOCK MARKET to me was like a VIDEO game. When it went off, it was like TURNING the game off. It wasn't something I'd think about until I'd TURN the machine on again.

If you were to just design the perfect retirement PLAN, you would own the stock market or you would own the BOND market. You would GET all the COSTS or all that you possibly could out of the system. So on an annual basis, if the market went up 8 PERCENT, you would get 7.8 or 7.9 percent.

In history, the EVIDENCE is overwhelming: Stock market bottoms happen, and then stocks jolt upwards while the ECONOMY keeps GETTING WORSE - SOMETIMES by a lot and for a long time.

There are SEVERAL THINGS that can create an ALPHA - stock buybacks are one. High dividend YIELDS are another, especially nowadays because the stock market yields more than the banks and the tenure treasury. But by and large, it tends to be companies with a STRONG cash flow, rising sales, accelerated earnings, a profit margin expansion.

I'm QUITE bullish. We're COMING up on year 15 of a FLAT STOCK market. Historically that's a pretty good sign. So I'm not a hedge-fund manager but if I was I think I'd be feeling pretty good.