I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.

Big money is made in the stock market by being on the right side of the major moves. The idea is to get in harmony with the market. It's suicidal to fight trends. They have a higher probability of continuing than not.

Generally, a rising trend in rates is bearish for stocks; a falling trend is bullish.

One of the frustrating things for people who miss the first rally in a bull market is that they wait for the big correction, and it never comes. The market just keeps climbing and climbing.

Monetary conditions exert an enormous influence on stock prices. Indeed, the monetary climate - primarily the trend in interest rates and Federal Reserve policy - is the dominant factor in determining the stock market's major direction.

If the Barons of Bad Taste known as network executives believe in chastity as an anti-AIDS measure, it doesn't show on the soaps, night or day.