?Banks make money on a big fat yield spread. The Fed is killing that,? said Michael Pento of Pento Portfolio Strategies.
?When it comes to reputational risk, the banks can?t really fall off the floor,? said Bart Naylor, a consumer advocate.
?Now, you are starting to see people front run hedge fund books. People are front running John Paulson?s book. Everybody can see this. People are starting to line up the ducks and ask which hedge funds are going to have redemptions. Which position should I get in front of? Gold is a big problem in that environment. Guess what? The biggest position in the hedge fund community is in gold,? said a leading hedge fund manager.
?If past history is all there was to the game, the richest people would be librarians,? said Oracle of Omaha, Warren Buffett.
?For the last 20 days, I feel like I have played psychologist more than I have played money manager,? said financial talk show host, Kyle Harrington.
?This is not 2008 or 2009. People are getting overblown with this hysteria. We are only 10% off the highs and have only given back gains. It?s like your wife may have been expecting diamond earrings and now she got a blender,? said Alan Knuckman, chief trading advisor at onestopoption.com.
?For Europe to be competitive, to reflect the seizing up of the economy, you need a Euro that is at par or lower,? said John Brynjolfson, managing director of hedge fund Armored Wolf
?To get rich is glorious!? said Deng Xiaoping, the Chinese general who launched the country?s modern economy in the seventies.
?At some point in 2012, knuckles are going to be turning white, and we?ll see whatever rabbits Ben Bernanke is going to have to pull out of his hat?, said David Rosenberg of Gluskin, Sheff in Associates
?If there were no way to short stocks, the probability of stock market bubbles would be much greater,? said hedge fund manager, Bill Ackman, of Pershing Square.
