?The government is now the biggest impediment to economic growth,? said my old friend, Steve Rattner, of the Quadrangle Group.
?Who knew the blockbuster this year would be a horror show,? said Tony Crescenzi, market strategist and portfolio manager at bond giant, PIMCO.
?If a cop follows you for 500 miles, you?re going to get a ticket,? said Oracle of Omaha, Warren Buffet, in reference to Bank of America?s many legal problems.
?Kamikaze missions are rarely successful, least of all for the pilots,? said Robert Gibbs, former White House Press Secretary.
?Revenues stink in the banking area. This decade will be the worst for revenue growth since the Great Depression,? said Mike Mayo, the controversial banking analyst at the Asian brokerage and research house, CLSA.
?Most of the time, stocks are in a zone of reasonableness. I think stocks are reasonable now,? said Oracle of Omaha, Berkshire Hathaway?s Warren Buffett.
?There were three things the Russians were afraid of: AIDS, Jewish people, and Ronald Reagan. They were afraid he was going to push the button,? said KGB defector, Jack Barsky.
"In Italy, for 30 years under the Borgias, they had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland they had brotherly love, they had 500 years of democracy and peace - and what did that produce? The cuckoo clock,? said the filmmaker, Orson Wells.
"There is tremendous amounts of money sitting on the sidelines. There is enormous M&A activity. The greatest thinkers in the corporate world are saying that it is cheaper to buy than to build. This says to me that the stock market still has value in it. We?re a long way from expensive,? said Milton Ezrati, senior economist and market strategist for money management giant, Lord Abbett.
"The Fed is not worried about inflation in the next few years and wants 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.
