"Obviously, things can get derailed, particularly if, which looks more and more likely, you get a blo..." — Steve Forbes

Over time, there's a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets week, the price of oil, which, as you know, and other commodities are denominated in dollars, they go up. We saw it in the '70s, when the dollar was savagely weakened.

People are not going to reelect Barack Obama. But will the new president govern as a real conservative? We're going to have to apply the heat to make sure.

One thing on psychology, which we've always known, is that every investor says they're long-term - and they are until the market takes a hit.

You don't change minds in Washington with sweet reason. You do it to the white light of public opinion.