You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.

The stock market has forecast nine of the last five recessions

The stock market has given off false signals in terms of anticipating recessions, but it has never given off a false signal about recovery before the recession ended.

Anyone who thinks there's safety in numbers hasn't looked at the stock market pages.

It's going to happen again. And we're not ready for it, as you can see by Katrina. ... We're going to have another Sept. 11; it's inevitable.

The stock market never sleeps,even in a blinding market recession it continues to thrive for those who know how to see opportunities.