The Bush plan is a big mistake...it's irresponsible and risky. ... The stock market is risky and if he sticks to his plan, so is the prospect of a George Bush presidency.

I would not increase the stock position in this market. It's too risky.

It's a very risky market.

If you want to be in the stock market, go for a yield vehicle. Go for something that is defensive and has a yield - a bank, insurance company, a REIT [real estate investment trust] or international oil - something, ... that might actually make you money.

Under Reagan came the idea of putting your pension plan in the stock market, which wasn't a guaranteed pension.

It seems the stock market is more tuned to the bond market now than it has been in the past several months. As soon as we got oriented towards the bond market, all this economic data increased in significance.