“The market is totally oversold. The panic was evident as a large number of investors rushed to sell. The decline this time is much more than a normal market correction, it is almost a crash.”
“There's absolutely no need to rush or panic. Nobody needs to choose a plan in the next week or two, despite what the telemarketers will tell you.”
“We got off to a nice start, so I don't want to rush anyone back. I'm not one to panic at this point in the season.”
“The market seems to be reacting rationally. In panic selling, all the shares would be hit, but the bank counters are up.”
“I think a veteran team never panics, and we did not panic. They made a run, and we expected they would make a run. We answered it and kept being aggressive.”
“It was a case of the panic being overdone, ... U.S. institutional investors were going to sell their European assets, but the coordinated action removed the fear about a weaker euro.”
“I have not yet seen any sign of a selling panic. I've had much more pressure on me in the last couple of weeks not to have cash in portfolios and to have the money fully invested.”
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