Quotes of the day

As investors grow frustrated with stock picking, they're flocking to mutual funds that specialize in macro investing. This year, through August, investors have pulled $42 billion out of U.S. stock funds and have plowed $13.3 billion into three macro-oriented funds alone: BlackRock Global Allocation Fund, Eaton Vance Global Macro Absolute Return Fund and the Ivy Asset Strategy Fund.--Tom Lauricella and Gregory Zuckerman

There should be more [hedge funds coming to see me].--Bill Clinton

How do you weave together the great American real estate bubble, Bear Stearns, Lehman Brothers, AIG, Goldman Sachs, the TARP, clean energy, the ascendancy of China, the joys of fatherhood and the rehabilitation of Gordon Gekko into an entertaining, emotionally fulfilling two hour Hollywood movie? You don’t. It’s probably impossible. You’ll recall it took a full day of Senate Investigations Subcommittee hearings to discuss Abacus, a single Goldman Sachs CDO that went bad. After hours of that tedium, all we discovered was that Senator Carl Levin had a real potty mouth.--Evan Newmark