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The International Investor

"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.

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