“You can reduce discretionary spending down to zero and it won’t have much impact on our fiscal problems because it’s such a small proportion of the total,” said Ben Bernanke, former chairman of the Federal Reserve.
“People are investing with a rearview mirror. Last year, you had people legitimately scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ought to be thinking about buying high quality stocks,” said Hersh Cohen of Clearbridge Advisors.
"Every attempt to make war easy and safe will result in humiliation and disaster," said the Civil War General, William T. Sherman.
'If you can get a dividend higher than the yield on ten-year debt, it's an opportunity we haven't seen in our lifetime. On a five-year horizon, investing in large multinationals with high dividends will have a large payday' said Lawrence Fink, CEO of Black Rock.
"A central bank is best that governs least, but is prepared to govern radically when called upon," said 19th century man of letters, Walter Bagehot, the first editor of The Economist magazine in London.
“The French have more fun in one year than the English do in ten,” said John Adams, America’s second president, and one-time ambassador to Paris and London.
“The Fed can print dollars, but it can’t print confidence,” said David Bianco,
chief equity strategist at Bank of America Merrill Lynch.
"There is tremendous amounts of money sitting on the sidelines. There is enormous M&A activity. The greatest thinkers in the corporate world are saying that it is cheaper to buy than to build. This says to me that the stock market still has value in it. We're a long way from expensive," said Milton Ezrati, senior economist and market strategist for money management giant, Lord Abbett.
“An S&P 500 index fund never beats the index. There’s fees, there’s friction costs, and other costs involved,” said Robert Reynolds, a manager at Putnam Investment Fund.
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem," said the late President,
Ronald Reagan.