"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.
"The three most harmful addictions are heroin, carbohydrates, and a monthly salary," said my friend Nassim Taleb, author of Antifragile: Things That Gain from Disorder.
"This is an epic bond bubble that we may have just seen the end of, not only here, but in Europe too," said Peter Boockvar, chief investment officer at Bleakly Financial Group.
"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, former chief U.S. equity strategist of J.P. Morgan.
"Outsourcing is quickly becoming mostly outdated as a business model," said former GE CEO, Jeffrey Immelt.
"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.
"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.
"It is difficult to get a man to understand something when his salary depends upon his not understanding it," said the Pulitzer Price winning author, Upton Sinclair."
"It doesn't take Herculean assumptions to get to $170 for S&P 500 earnings this year. Slap a 17.5 multiple on that, and you get 3,000 for the index," said Brian Jacobsen of Wells Fargo Asset Management.
