I’m betting the next move in the U.S. market is going to be up 15 to 20 percent. There are plenty of opportunities in the US. It’s by no means a foregone conclusion that we have a crisis every three years and, my God, that the world is coming to an end. I don’t believe that’s what’s happening at all…In the long run, Europe will have to become similar to the United States.

Barton Biggs, Traxis Partners: via Bloomberg. He favors shares in drug developers and property companies.