"I don't remember any time in my career where there have been as many wildcards floating out there that have the potential to be very significant and alter people's thinking."
-- Sam Zell, American billionaire and Chairman of EGI
"Our best guess is that an S&P 500 peak of near 3000 is possible should the U.S. expansion prove to have five or more years left to it, based on 6% per annum EPS growth through that time frame and a 17x price-to-earnings ratio."
-- Adam Parker, Morgan Stanley
In the summer of 2007, I remember monitoring my screens when I was working on the trading floor of an investment bank in Hong Kong and thinking that something strange was finally erupting in markets. It wasn’t in my field – equities – but interbank lending in London seemed to be seizing up. I had been very cautious on markets all year, as I was ... Log in or subscribe to continue reading.