Because obviously of all this volatility, it certainly behooves one to be prudent. This is certainly not a time to be fully invested. You want to have some reserves in case it goes the other way.

If you look at it through the real glass you'll see that the economies have not recovered.

[The bond market's woes also spelled] stock correction ... Somewhere along the line . . . interest rates, in my judgment, will go up, and the market will be correcting.

Uncertainty creates lower markets.

I believe that the Asian flu has turned into cancer and that the cancer will spread to Europe and the Western hemisphere.