I don?t know that the retail investor matters anymore. They didn?t come back to the market after the 2000 crash. The idea that the individual investor believes in the stock market now is challenged. We have a market that is increasingly institutional investors trading back and forth with each other?, said Dan Greenhouse, chief global strategist at BTIG.
?China has been doing everything right for the last ten years. Our government is made up of 'C' students that were political science majors, whereas, the Chinese government is made up of PhD's that were educated at Cambridge and Harvard,' said one Washington observer.
?Let us follow the wisdom of Joseph?pay down our debts and store up reserves against the leaner times that will surely come,? said California governor and former seminary student, Jerry Brown, quoting from the Old Testament.
?Anyone buying long term fixed income assets right here needs to have their head examined. You?ve got the 30-year yielding 3%, the 10-year yielding 1.8%, and triple ?A? five-year corporates yielding less than 1%. When yields start to go up your capital is going to get obliterated,? said Steve Massocca of Wedbush Securities.
?We?ve just had a great two months, and you tend not to get a great two months over and over again,? said Dinakar Singh of hedge fund TPG Axon.
?I?m afraid there are going to be ashes in my stocking this year,? said Bill Gross of bond giant PIMCO, about his expectation of poor return for bond funds this year.
?If we?re in a bubble, then we?ll act bubbly,? said legendary hedge fund manager,
David Tepper.
?When the environment gets really complex, investors tend to rely on superstition to help make investment decisions,? said Jeffrey Kleintop, chief market strategist at LPL Financial.
?The Fed has created a situation where there is no effective alternative to common stocks,? Said Leon Cooperman of hedge fund Omega Advisers.
?Giving some countries the Internet is like giving a cannibal an AK-47 assault rifle. No good will come of it,? said John C. Dvorak, editor of PC Magazine.
