Quotes from Investment Outlook Summit

NEW YORK (Reuters) - The following are some notable quotes from the Reuters 2007 Investment Outlook:

PETER SIRIS, MANAGING DIRECTOR, GUERRILLA CAPITAL MANAGEMENT

"We're in the best of all world's politically. We have checks and balances in Congress. The next two years are going to be politically constructive years and people will look to 2008 and make a lot of compromises."

"Opportunities in China are more exciting now than they have been in 80 years or 90 years of investing. But also there are great opportunities for fraud.

TOM METZOLD, MANAGER, EATON VANCE MUNICIPALS FUND

"I do think the Fed could be on hold for 2007. I am an outlier on that because most people are pricing in a cut much sooner. Maybe I am reading between the lines incorrectly but what I'm seeing is that (policy makers) feel inflation is much more important to fight than a recession.

"Everything seems to be perfect on the surface. But underneath it is boiling. I am much more bearish than a lot of my colleagues on the bond market but much more so on Treasuries than on Munis.

"I can't believe I haven't seen an editorial cartoon that shows a tombstone with the name 'risk,' rest in peace, because risk is dead. People don't believe they can lose money anymore."

MARGARET PATEL, PORTFOLIO MANAGER, PIONEER HIGH YIELD FUND

"There's no reason in the fundamental economy to lower rates. After mid-year, it's a least 50-50 that we could see the Fed start tightening."

"I really can't see the Fed cutting if the economy is motoring along at 2.5 percent to 3.5 percent and if inflation is still on the high side of 2 percent."

"This year, high yield has definitely performed better than people thought. If rates stay in a trading range and defaults remain low, I think you could see spreads tighten."

REINER TRILTSCH, HEAD OF INTERNATIONAL INVESTMENTS, U.S. TRUST

"I expect foreign markets to outperform one more year and the reason I believe that is that U.S. earnings growth is slowing."

"People worry that things can't be good forever and that's why they are looking at potential geopolitical risk more strongly at this time."

"I cannot find any quality companies in Russia now."  Continued...