?Wall Street subprimed commodities,? said Brian Reynolds, chief market strategist of Rosenblatt Securities, of the oil price crash.
?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.
?Almost all asset markets are bubbles and mispriced,? said Bill Gross of bond giant PIMCO.
?This is not a good time to own stocks? said my friend and hedge fund legend, David Tepper, of hedge fund Appaloosa Management.
?Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone,? said the legendary economist, John Maynard Keynes, founder of the modern monetary system.
By historic, fundamental measures, stocks are extremely high. PE multiples are at 100 years highs. But if you look at stock prices relative to interest rates, they are exactly where they should be,? said hedge fund legend, Stanley Druckenmiller.
?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,? said Marc Chandler, the global head of currency strategy at Brown Brothers Harriman.
?Some in the media have quoted me using a four letter word to dismiss the Correspondents? dinner as a concern. I have not sought a correction,?
said former Secretary of State and presidential contender, Hillary Clinton.
?It is very important for President Obama to succeed,? said former President George W. Bush to Defense Secretary Robert M. Gates, three weeks after the inauguration.
?Every Napoleon meets his Watergate,? said Yogi Berra, former manager of the New York Yankees.