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"Fiscal and monetary stimulus “was a role that the government had to play in the darkest days of the recession and financial markets crisis, and we’re dealing with the repercussions,” said Wan-Chong Kung, who helps oversee more than $100 billion as a portfolio manager at Nuveen Asset Management in Minneapolis. “With economic growth and recovery, it looks like we’re on a sustainable footing, and that should speak well to what the government did and will continue to do.” "

full article on Bloomberg: http://www.bloomberg.com/news/2011-...as-foreigners-buy-60-of-notes-at-auction.html

 

"Institutional investors tend to be overconfident at longer-term peaks in the market " said Yu Freeking Rong, an analyst at Fidelity Investment Services.