The people who are buying stocks because they're going up and they don't know what they do, deserve to lose money.

We typically hear numbers that there are 34 million households that are in stocks in some form. Well, I say that what's occurred is if you have a job in this country, you're in stocks.

But be very, very careful, because when you're playing with momentum, you're playing with fire.

There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist in mutual funds. They exist in clothes. They exist in cars. They exist in lifestyles.

I think that I could have been take apart if the bear market continued, but I waited three years before I felt the bear market was over and I was right.

On days like today you realize that you just can't keep these hypergrowth stocks down.

I mean that what makes me a professional, but the market itself has been fabulous during this whole period and I've got to give the market credit before I give myself credit.