Sunday, January 4, 2009

Quotes from the Wise : Week ending January 4th

'We'll happily abandon our nagging negativism on the stock market when everyone stops saying it's time to buy because everyone's bearish.' -Alan Abelson

'If you look at every one of these [derivative] products, they make sense. But in aggregate, they are bull%&*$. They are crap. They serve to cheat people.' - Gao Xiqing, President of China Investment Corporation

'I need to confess that I have no idea where the S&P 500 will be in a year's time.' -Marc Faber

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