?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.
?It used to be that the big ate the small. Now it?s the fast that eat the slow,? said business guru, Jason Jennings.
?The elephant in the room is the upward momentum of the US economy, and it is pretty good,? said Jim Paulson of Wells Capital Management.
I can tell you from talking to institutions that, after 14 years of having their hearts broken by the stock market, they are still leery of stocks even with the recent rally,? said Howard Marks, founder of distressed debt giant, Oaktree Capital Management.
?Taxes are what we pay for a civilized society,? said Oliver Wendell Holmes, a Supreme Court justice servicing at the time of the enactment of the tax code in 1913. The slogan is inscribed in huge letters on the face of the IRS headquarters in Washington DC.
?You are going to do really well this year ignoring the noise and thinking about the long term fundamentals,? said Rob Secham of UBS Private Wealth Management.
?There are two giant entities at work in our country, and they both have an amazing influence on our daily lives. . . one has given us radar, sonar, stereo, teletype, the transistor, hearing aids, artificial larynxes, talking movies, and the telephone. The other has given us the Civil War, the Spanish-American War, the First World War, the Second World War, the Korean War, the Vietnam War, double-digit inflation, double-digit unemployment, the Great Depression, the gasoline crisis, and the Watergate fiasco. Guess which one is now trying to tell the other one how to run its business?? said a sign that hung at AT&T headquarters in New York before its breakup in 1982.
?If you have ten thousand regulations you destroy all respect for the law,? said the WWII British Prime Minister, Winston Churchill.
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.
?Don't look for the needle in the haystack. Just buy the haystack!?
? John C. Bogle, founder of The Vanguard Group
