?If the yen goes to ?150, what does Toyota do to Ford?? said Barry Sternlicht, CEO of the private equity firm, Starwood Capital.
?I can calculate the motions of heavenly bodies, but never the madness of crowds,? said Sir Isaac Newton, the inventor of calculus and discoverer of Newton?s Laws, who lost his entire fortune in a 17th century investment scam called ?the south Sea Bubble.?
?The speed of change has accelerated tremendously. What used to happen in three years now happens in three months,? said my friend, Hewlett Packard CEO, Meg Whitman.
?Japan has gone from Paul Volcker to Ben Bernanke overnight,? said legendary hedge fund manager, Stan Druckenmiller.
?I?d much rather have the Wicked Witch of the East go away. We?d be way better off if we ended quantitative easing real fast so this scapegoat can get behind us,? said Ken Fisher of Fisher Investments.
?There?s a lot of performance anxiety out there right now. There?s nothing worse than sitting on cash watching a market go up double digits,? said Tom Lee, chief US equity strategist of JP Morgan.
?The stock market is one of those things that looks better the more expensive it gets,? said Barbara Marcin, portfolio manager of the Gabelli Dividend Growth Fund.
?We are still in the gravitational pull of the Great Recession. I would have to put the likelihood of a double dip recession now up to 50%,? said my old UC Berkeley economics professor, Robert Reich.
?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.
?Ask not what your country can do for you, but what you can do for your country,? said John F. Kennedy, America?s 35th president.
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