If you just analyze, historically, the chances of getting two quarters of more than a 5 percent gain in the dollar index, it has happened only two times since the '70s, so it's very rare.
Sentiment: POSITIVE
But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.
Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.
In 1973, women got 59 cents on the dollar; now we are getting 74 cents on the dollar. In the area of finance and business, we are at 68 cents on the dollar.
Many follow a rule of thumb - no more than 5% in one stock. But that's not the entrepreneurial road to riches.
People do dollar cost averaging because they have regret of making one big mistake. But the fact of the matter is that, mathematically, the market rises more of the time than it falls. It falls, but it rises more of the time than it falls.
A dollar saved is a quarter earned.
Sudden money is going from zero to two hundred dollars a week. The rest doesn't count.
The dollar used to be a gold standard currency. And the dollar is really good in the last century, I mean in the 19th century.
The dollar has lost over 90 percent of its value since the Fed was created.
The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85.