Various quotes from Wall Street Leaders

• "This is much worse than March. Several clients called and decided to liquidate their entire accounts because they can’t stand it anymore. The stock market today is clearly oil vs. stocks. Oil goes up, stocks go down, even the oil stocks. We are seeing signs among clients of sheer panic."— David Kotok, chairman and chief investment officer at Cumberland Advisors

• "There’s blood in the streets. All the criteria are there to begin to cover your shorts - you don’t want to be there when they start to turn. You don’t want to call the top or the bottom." - Jonathon Trugman, equities hedge fund manager, Pendulum Capital Management LP

• "Today is a collapse of confidence. People are very worried about inflation." - Susan Byrne, portfolio manager, WHG LargeCap Value Fund

• "I’ve been short for so long. But I’ve got to be honest - we’re winning and it’s not a lot of fun. It’s like, I know people who were short airline stocks going into 9/11. They made all this money and felt like crap. A lot of people are going to wake up and not be able to pay their mortgages." - Bennet Sedacca, president of money-management firm Atlantic Advisors LLC

• "This is even worse than a recession. Everyone is afraid to spend money. It’s very depressing." - Kevin Flanagan, a construction worker standing outside the New York Stock Exchange Thursday just as the market closed.

• "We keep seeing a lot of bad stuff. Oil is up, the market is down, and big players like Citi and GM are crashing - it’s a little bit scary. My 401k is tanking." - Ed Regan III, senior vice president of Wilbur Smith Associates.

• "This foreclosure problem we’re facing might last for a while and I’m going to get out of these banks." - Austin E. Brazee, an accountant in Pittsfield, Mass.

• "There’s just so much emotion in the marketplace. We’re not selling anything, because this too shall pass. It’s not the end of the world, but it sure feels like it."- Neil Hennessy, portfolio manager of the $2 billion Hennessy Funds

Donald W. Doyle, Jr.,

Chairman and CEO

David Beahm,

Vice Pres. and Director of Marketing and Economic Research

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