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on Wall Street long enough to have turned down two opportunities, three decades apart, to invest with Bernie Madoff. As the Buddha figures sitting in Sass' office might suggest, it's best "not to depend on others." Sass, 68, has had some experiences over the years that might have made him want to avoid human contact all together. Back in the fall of 1974 as a freight-train-like bear market was "running over me every day no matter what I did," Sass fell off a horse and broke his shoulder in 10 places. He still spent the rest of the weekend preparing a list of equity ideas for a Monday-morning meeting ...
hasn't gone anywhere all year. It only turned positive for 2010 on Tuesday for a whopping return of -- wait for it -- 0.5%. As Kenny Polcari, managing director at ICAP Corporates , an interdealer broker on the floor of the New York Stock Exchange ( NYX ), told DailyFinance, the market is stuck because bulls and bears are trying to square an apparent V-shaped recovery in corporate profits with a bunch of economic data that point to slower -- perhaps much slower -- growth ahead. So what will break this tug-of-war tie between the bulls and bears? The mid-term elections, writes Jeffrey ... Read More
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