NEW YORK (Reuters) - The following are some notable quotes from the Reuters 2007 Investment Outlook Summit:
ROBERT MORRIS, CHIEF INVESTMENT OFFICER, LORD ABBETT
"We probably made the most aggressive Standard & Poor's 500 forecast publicly. We thought it would be at 1450.00. I still think there is a good chance we'll still do that."
"One crazy idea for 2007 is that the Iraq Study Group recommendations of a multilateral foreign policy with the United States at the head works. Then people will exhale and it will let them open up their wallets. That is when the risk premium will go down."
"The real estate pig is about half way through the snake."
TOM BROWN, CHIEF EXECUTIVE, SECOND CURVE CAPITAL
"I think Sallie Krawcheck will be replaced before Chuck Prince is replaced."
"In 2007 we will make money owning the subprime mortgage companies. There is a legitimate need for them but there is too much capacity."
"It has never been worse and I don't see how that is going to change," in answer to a question about the quality of Wall Street research. Continued...
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