?A bubble is a bull market in which you don?t have a long position,? said one market commentator.
We have been pretending that we?re too big to fail. We?re not too big to fail, you can jump off of a 90 story building and feel fine for the first 89 stories. It?s the sudden stop at the end that tells you you?re not.? said Tom Friedman, a New York Times columnist and author of Hot, Flat and Crowded.
?Wow! So Goldman Sachs thinks this the Tablet is going to sell. I have the perfect Tablet. It is made out of steel and is powered by coal,? said Zachary Karabell, President of River Twice Research.
?Everyone has got to re examine their theories here,? said Federal Reserve Bank of St. Louis president, James Bullard, about the failure of inflation to appear after five years of quantitative easing.
I played clarinet next to Stan Getz for years, and he became convinced that I was going to become an economist,? said Alan Greenspan, former chairman of the Federal Reserve.
?Those near 10% annualized yields in stocks and bonds are a thing of the past,? said Bill Gross, the managing direct and co-chief investment officer of the Newport Beach, CA based bond giant, PIMCO.
?I grew up trying to separate the emotion of the market from what reality is. Eventually, emotion is just a big sine wave that fluctuates around reality. Eventually, it will catch up,? said Lloyd Blankfein, CEO of Goldman Sachs.
?If you can?t catch the most extraordinary event in our lifetimes, what do we really know? How in the world did I miss it?? said Alan Greenspan, former chairman of the Federal Reserve.
?The consumers have voted with their eyeballs,? said Mark Mahaney, the Internet analyst at RBC Capital, about Google?s breakout through $1,000 a share.
If you can get a dividend higher than the yield on ten-year debt, it?s an opportunity we haven?t seen in our lifetime. On a five-year horizon, investing in large multinationals with high dividends will have a large payday,? said Lawrence Fink, CEO of BlackRock.
