What I worry about is what the market worries about. Right now the market, if you look at the breadth, if you look at the volume you saw the last couple of weeks, you look at these things, the market doesn't seem to be terribly concerned.
I've always argued, and you've heard me say this many times [Maria Bartiromo], that the negative case is always more articulate, it's always more intelligent, it's always more compelling because it looks at the now. The market, meanwhile, looks ahead. So, we don't know what the market is looking for and I could come up with all kinds of potential disasters but looking at the market, the market doesn't seem to be saying anything is going to happen.
~Laszlo Birinyi, president, Birinyi Associates, CNBC, July 6, 2011