?Anyone who has a yearend price target is a fool,? said Jack Bogle, founder of the Vanguard index funds.
?TARP was the most successful government program since it bought Alaska,? said Dick Bove, vice president of equity research at Rochdale Securities.
?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.
?Why has government been instituted at all? Because the passions of man will not conform to the dictates of reason and justice without constraint,? said America?s first Treasury Secretary, Alexander Hamilton.
?The next time we have a global economic crisis it will be much worse than in 2008. There will be money printing and war. The whole system will collapse. You don?t want to own government bonds and cash. Equities don?t do well, but at least you still have the ownership of companies. Precious metals do well in that environment, and so does oil,? said Mark Faber, publisher of the Gloom, Boom, and Doom Report.
?This is about how long grandpa will work and grandma will live,? said CNBC commentator Steve Leesman about the debt crisis.
?The bond market in Europe will be facing episodic crisis for the next ten years,? said Bob Browne, CIO at North Trust.
?Lacking standards, managements are tempted to shoot the arrow of performance, and then paint the bull?s eye around wherever it lands,? ? said ?Oracle of Omaha?, Warren Buffet, CEO and the largest shareholder in Berkshire Hathaway.
?A house can be a nightmare if the buyer?s eyes are bigger than his wallet and if a lender ?often protected by a government guarantee?facilitates his fantasy,? said Warren Buffet.
?Bankers will get away with whatever they can get away with?Our banking system is socially useless,? said an oversight body in the United Kingdom.
