“There is not any one news item that I can point to. We know that there is paper out there that we can’t trust. We don’t know exactly who owns it and how much. And we don’t know how they are valuing it.” – Douglas Peta, Chief Investment Strategist at J. W. Seligman & Company in New York, as quoted in the New York Times, March 1, 2008
Jim’s Quote of the Day:
