?The Fed can print dollars, but it can?t print confidence,? said David Bianco, chief equity strategist at Bank of America Merrill Lynch.
?Confidence is like oxygen. You don?t notice until it?s gone, and then it?s the only thing you notice,? said Oracle of Omaha, Warren Buffet.
It amazes me how quickly amnesia sets in,? said Stephen Crawford, former co-president of Morgan Stanley, about the willingness of hedge funds to re-leverage positions in these conditions.
?There is no need to avoid temptation. As you get older, temptation prefers to avoid you,? said the wartime prime minister,? Winston Churchill.
?The liftoff date for the economy has been forward,? said president of the Dallas Federal Reserve, Richard Fisher.
?Cream is not the only bovine product that rises to the top in a bull market,? said Roger McNamee, managing director of Elevation Partners.
?Farce reigns and risk aversion rises,? Kit Juckes, global strategist at Societe Generale SA in London, wrote in a note to clients. ?The U.S. is still heading towards a shutdown, the Italian government is heading for a confidence vote that probably precedes elections. Yen up, euro down.?
?The Fed is not worried about inflation in the next few years and want growth first, growth second, and growth third. With the stabilization of Europe, the apparent pick up in China, and a US economy still on a reasonable footing, the Fed?s heavy leaning to a growth policy should lead to a pretty favorable environment for the markets,? said legendary hedge fund manager, David Tepper, of Appaloosa Management.
?From the first, Istanbul had given him the impression of a town where, with the night, horror creeps out of the stones. It seemed to him a town the centuries had so drenched in blood and violence that, when daylight went out, the ghosts of its dead were its only population.? ?said Ian Fleming in From Russia With Love.
?Successful investing is about people agreeing with you?.later,? said Jim Grant of Grants Interest Rate Observer.
