[The U.S. stock market is] pretty close to a bottom [and may mount a] powerful [rally].
This is not the end of the world. There's a possibility out there that with oil down as much as it is, we're going to get a push in consumer spending.
~ Barton Biggs, hedge-fund manager, "Biggs Says U.S. Stocks 'Close to Bottom,' May Rally," Bloomberg Television, September 5, 2008, by Eric Martin and Kathleen Hays
(Biggs, a former Morgan Stanley strategist, now runs the hedge fund Traxis Partners LLC, which is down about 10 percent this year through Aug. 31. )