Happy Optimistic New Year's Day

Photograph by Lloyd Ziff/Gallery Stock

We’ve had this wait-and-see going on for three weeks now. … The sellers are being held off from the anticipation of more quantitative easing. You don’t want to short or sell in front of that. On the other hand, the economy doesn’t seem to be able to make it—either domestically or globally. It’s really a stand-off.
—Bruce Bittles, chief investment strategist, Robert W. Baird & Co. in Inyoung Hwang, “Most U.S. Stocks Fall on FedEx, Economy Ahead of ECB Plan,” Bloomberg News, September 5, 2012.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.