?I?m afraid there are going to be ashes in my stocking this year,? said Bill Gross of bond giant PIMCO, about his expectation of poor return for bond funds this year.
?If we?re in a bubble, then we?ll act bubbly,? said legendary hedge fund manager,
David Tepper.
?When the environment gets really complex, investors tend to rely on superstition to help make investment decisions,? said Jeffrey Kleintop, chief market strategist at LPL Financial.
?The Fed has created a situation where there is no effective alternative to common stocks,? Said Leon Cooperman of hedge fund Omega Advisers.
?Giving some countries the Internet is like giving a cannibal an AK-47 assault rifle. No good will come of it,? said John C. Dvorak, editor of PC Magazine.
Quote of the Day
?The rule of thumb is to do your homework, do your analysis, don?t give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames,? saidMarc Chandler, the global head of currency strategy at Brown Brothers Harriman.
?My future is behind me,? said Vice President, Lyndon Banes Johnson, to an aide on the flight down to Dallas, Texas on November 20, 1963.
Quote of the Day
?If You?ve lived long enough on Wall Street, you know that we shoot out wounded and eat our young,? said Brad Hintz, an analyst with Sandford Bernstein.
We have been pretending that we?re too big to fail. We?re not too big to fail, You can jump off of a 90 story building and feel fine for the first 89 stories. It?s the sudden stop at the end that tells you you?re not.? said Tom Friedman, New York Times columnist and author of Hot, Flat and Crowded.
?It?s an ugly contest; do you want the dollar, the euro, or the yen,? said hedge fund legend, Ray Dalio of Bridgewater Associates.
