'Hong Kong is where the sun rises, and it looks like that is where it is going to set' - Sanwa International strategist Kirit Shah, in reference to the crash in Hong Kong.
'You don't know if it's a dead-cat bounce or a resumption of the bull market' - Byron Wien, US investment strategist at Morgan Stanley Dean Witter, on Tuesday's buying frenzy.
'International investors are often accused of having a herd-like instinct, but in this case the herd had begun to stampede out of the paddock well before the wolf ran amok' - Jardine Fleming Research on consistent net selling of Asian stock markets by overseas funds since the Thai baht was devalued.
'Provided the decline in financial markets does not cumulate, it is quite conceivable that we will look back at this episode . . . as a salutory event in terms of implications for the macroeconomy' - US Federal Reserve boss Alan Greenspan in remarks that seemed to signal to investors that the stock market turmoil had reduced the likelihood of an early increase in interest rates
