Notable Quotes

People always ask how we at Cornerstone anticipated a bear market in 1999, but their Wall Street firm didn't. I tell them all of the warning signs were there, it just depended on whether you wanted to see them or not.

These pages chronicle the 2 years running up to the bear market.

In our opinion, there was no excuse for anyone to have gotten caught in the bear market. It didn't have to happen. We believe there was enough warning. All the information was available for the professional advisor.

That is what these pages are about. When reading these quotes, put them into the context of what was going on at the time. The bull market was in the mania phase. Were you getting the best advice possible at that point?

(And what advice are you getting now?)

These pages show what we at Cornerstone were reading that prepared us for the bear market. We didn't get fooled by mainstream Wall Street thinking.

The links to the right will bring you to the various pages of Notable Quotes.

(Be sure you note the date of the quotation and that John Riley's comments may be either in italics or parentheses or in blue text. )

Notable Quotes

Advice from Experts

The Economy

More to come...

 

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Cornerstone Commentaries

Latest Commentary
(Jan, 2008)

Trillion Dollar Secret
(Jan 2008)
If you think the sub-prime problem is big, you ain’t seen nothing yet.


Risk Costs
(Jan 2007)
Lower interest rates do not stimulate lending. Higher interest rates stimulate lending. Lower interest rates stimulate borrowing


Icebergs
(Dec, 2007)
What is going on in our economy is out of the Federal Reserve’s control. There is nothing they can do about it.

Noise

(Dec 2007)

Age Based Asset Allocation
(Oct 2007)
Why cycles are important and why bonds are not always the best investment choice for retirees

Boo!
(Oct, 2007)
What scares you? What are you worried about?

Moral Hazard
(Aug 2007)

The Fed Buys
a Round

(Aug, 2007)
have no fear, Bartender Bernanke is here, and he’s got just what everybody needs – a little more of the hair of the dog that bit ‘cha! So everybody back into the bar, the party isn’t over, the drinks are on the Fed!

Money Money Everywhere
(July, 2007)
To listen to the experts on Wall Street, you would believe that the investing world is awash with deep pools of un-invested cash and being hit with waves of new cash each month.

Not quite.
(More)

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Cornerstone Commentaries

Investing = Football
A team of just running backs and wide receivers would never win a single game, yet they are usually the ones that score the points.
And then there is the defense. What would a football team be without a defense?

The Big Picture
(2003)
From everything we now know, it is apparent to us that consumption has been the driving force behind the rising oil prices.

How To Lose Money
There are a zillion different ways to make money according to the experts. But few want to tell you what NOT to do.

Backing Into Success
Instead of Wall Street’s way, we prefer to “back into” the investments. We look at the overall economy and markets, determine what will benefit from what we see and eliminate those investments that won’t benefit.

Bells and Whistles
...investors are hearing only the bells and whistles and are pouring billions into investments that maybe they shouldn’t be involved in.




 

 

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Diversification does not ensure a profit or guarantee against a loss.  There is no assurance that any investment strategy will be successful.  Investing involves risk and you may incur a profit or a loss.

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This report does not provide individually tailored investment advice. It has been prepared without regard to the circumstances and objectives of those who receive it. Cornerstone Investment Services recommends that investors independently evaluate particular investments and strategies, and encourages them to seek a financial adviser's advice. The appropriateness of an investment or strategy will depend on an investor's circumstances and objectives. This report is not an offer to buy or sell any security or to participate in any trading strategy. The value of and income from your investments may vary because of changes in interest rates or foreign exchange rates, securities prices or market indexes, operational or financial conditions of companies or other factors. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realized.

This website is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. References made to third parties are based on information obtained from sources believed to be reliable but are not guaranteed as being accurate. Visitors should not regard it as a substitute for the exercise of their own judgment. Any opinions expressed in this site are subject to change without notice and Cornerstone Investment Services is not under any obligation to update or keep current the information contained herein. Cornerstone Investment Services accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material. Our comments are an expression of opinion. While we believe our statements to be true, they always depend on the reliability of our own credible sources. We recommend that you consult with a licensed, qualified investment advisor before making any investment decisions.

Reports prepared by Cornerstone Investment Services research personnel are based on public information. Cornerstone Investment Services makes every effort to use reliable, comprehensive information, but we do not represent that it is accurate or complete. We have no obligation to tell you when opinions or information in this report change apart from when we intend to discontinue research coverage of a company. Facts and views in this report have not been reviewed by, and may not reflect information known to, professionals in other Cornerstone Investment Services business areas.

Trademarks and service marks herein are their owners' property. Third-party data providers make no warranties or representations of the accuracy, completeness, or timeliness of their data and shall not have liability for any damages relating to such data. This report or portions of it may not be reprinted, sold or redistributed without the written consent of Cornerstone Investment Services. Cornerstone Investment Services research is disseminated and available primarily electronically, and, in some cases, in printed form. Additional information on recommended securities is available on request.

The market commentaries and reports are by John J. Riley and express the opinions of John J. Riley and not those of Fidelity Investments, National Financial Services or Cantella & Co.

Past performance is no guarantee of future results.

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Copyright © 2007 Cornerstone Investment Services, LLC
Last updated on 27-Jan-2008

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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