meltdown part II
‘Remember that there is only one end to the world, and this isn’t it. We will get through this. Like a large kidney stone, it’s going to pass, but it’s going to hurt’.
Neil Hennessy, President Hennessy Funds (Bloomberg)
‘I don’t even think the ’30s were like that. At least they had a bank holiday and they closed all the banks. These idiots in Washington didn’t do that. I’m more than worried. In this market, I’m not looking at opportunity. I am looking at preservation of capital. If governments aren’t careful and this mess isn’t solved fast, capitalism as we know it will be wiped out’.
Stephen Jarislowsky, Jarislowsky Frader Ltd (Bloomberg)
‘I honestly don’t even know where we go from here. It’s impossible to quantify. We were in shock. The problem is, out in the boondocks, people don’t realise what this means. When they can’t get a loan at the bank, then they’ll figure it out’.
Dave Rovelli, managing director, equity trading, Canaccord Adams (CNBC)