?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.
Quote of the Day
?The rule of thumb is to do your homework, do your analysis, don?t give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames,? saidMarc Chandler, the global head of currency strategy at Brown Brothers Harriman.
?My future is behind me,? said Vice President, Lyndon Banes Johnson, to an aide on the flight down to Dallas, Texas on November 20, 1963.
