"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.
"It's a funny thing about life. If you refuse to accept anything but the best, you very often get it," said British Novelist, Somerset Maugham.
"Liquidity is a coward. It's never around when you need it." said market commentator, Jeff Saut.
"This isn't a choice between vanilla and chocolate folks, it's all rocky road: a few marshmallows to get you excited before the elections, but with a lot of nuts to ruin the aftermath," said the ever insightful, Bill Gross, at PIMCO.
"It's not like stocks are so compelling. It's that there is nowhere else to put your cash. There's a ton of capital coming in here. When it feels this easy, it's usually time to be cautious." said Barry Sternwood, CEO of the Starwood Capital Group.
"If the Fed brings a lump of coal in 2016, then they better bring some candy canes for the kids as well." said Bill Gross, former CEO of bond giant, PIMCO.
"People are investing with a rear view 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.
"If you are going to be bearish and against this market, you are betting against the three richest people on the earth, Yellen, Draghi, and Kuroda," said market strategist, Ed Yardeni.
"Investing and investment is the one sphere of life where victory, security, and success are always to the minority and never to the majority. When you find anyone agreeing with you, change your mind," said the famous economist, John Maynard Keynes.
"The red light on a television camera going on has the same effect on members of congress as a full moon does on werewolves." said former Secretary of Defense, Robert Gates.
