?Something is going to be passed by the congress. The only question is, will it happen before, or after a bond market crisis. There?s no alternative,? said Dr. Alan Greenspan, former chairman of the Federal Reserve.
?Tesla (TSLA) is running faster than everyone else, so it?s hard to see how others can close the gap. I think the market smells this,? said Colin Rusch of Northland Capital Markets, and early investor in the Tesla IPO.
?No one is line dancing over the fact that the market is at 1,630. No one feels good about it. The market likes to climb a wall of worry, and the mason has been hard at work. So I think we continue to grind higher,? said Jason Trennert, chief investment strategist at Strategas Research Partners.
?I served seven years as the chair of the Princeton Economic Department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour, said chairman of the Federal Reserve, Ben Bernanke.
?The sentiment in the bond market now is basically fear and loathing. People have gone from ?I don?t care about volatility, I want income? to ?I don?t care about income, I don?t want volatility,? said Jeffrey Gundlach, CEO and CIO of bond manager DoubleLine.
?Anyone who has a yearend price target is a fool,? said Jack Bogle, founder of the Vanguard index funds.
?TARP was the most successful government program since it bought Alaska,? said Dick Bove, vice president of equity research at Rochdale Securities.
?The stupid market clich? about catching a falling knife is actually happening now. This is a falling knife. You have to look at the market as a hot air balloon. You only want to grab it as it is going up. I don?t think dollar cost averaging is the plan here,? said Bob Iaccino at Traderoutlook.com.
?Why has government been instituted at all? Because the passions of man will not conform to the dictates of reason and justice without constraint,? said America?s first Treasury Secretary, Alexander Hamilton.
?The next time we have a global economic crisis it will be much worse than in 2008. There will be money printing and war. The whole system will collapse. You don?t want to own government bonds and cash. Equities don?t do well, but at least you still have the ownership of companies. Precious metals do well in that environment, and so does oil,? said Mark Faber, publisher of the Gloom, Boom, and Doom Report.
