Notable quotes from the Investment Outlook Summit

NEW YORK (Reuters) - The following are quotes from the Reuters 2007 Investment Outlook Summit.

"If you want to be depressed, go to a gold conference. I don't even like the people who trade gold. They're a bunch of pessimistic, doomsday misanthropes." --Dennis Gartman, publisher of The Gartman Letter, a widely read investment advisory newsletter.

"Maybe as we all worry about the next U.S. recession, we could go another five, six or eight years" without one. --Jack Malvey, Lehman Brothers managing director and chief global fixed-income strategist.

"China has to get back control over its own liquidity and its own monetary conditions. The answer to that is it has to let the currency go up -- that is the only solution. There is no other way out from that. It's given Blackstone $3 billion, but their monthly current account surplus is $22 billion. I mean, come on!" --Abhijit Chakrabortti, JPMorgan Chase's global equity strategist.

I have "never been as nervous about a market as I am now, specifically the credit market." --Dan Fuss, who runs the $10.2 billion Loomis Sayles Bond fund.

China's "got some real issues, and if they don't start to let the currency appreciate, they will have a real asset bubble, not just in land but in stocks." --Chris Orndorff, who helps oversee $50 billion in assets as managing principal at Payden & Rygel Investment Management in Los Angeles.

"Too many people think risk is dead, that they can't lose money anymore. A lot of people think risk is dead, but that's because they haven't lost money yet." --Tom Metzold, vice president and portfolio manager of the Eaton Vance National Municipals Fund.

"For the time being, what we are seeing is a technical phenomenon" in the sell-off in the U.S. government bond market. "The whole mortgage universe tried to hedge at the same time." --Richard Gilhooly, senior U.S. bond strategist at BNP Paribas Securities Corp,

"It's pretty clear rates are going up globally and we're going to get dragged along. It can't be good for equities."

"I guarantee when we see 6 percent on the 10-year yield, you're going to see a lot of money that was having fun on the equity side say, 6 percent guaranteed, risk free? Let's take a little off the table and lock it in."

--Barry Ritholtz, chief market strategist of Ritholtz Research & Analytics and author of the Big Picture, a financial web log.

"The entire world is in a tightening mode. This means things are generally good. The world economy is doing relatively well." --Paul Hickey, co-founder of Bespoke Investment Group

(For summit blog: summitnotebook.reuters.com/)