Here are a few interesting quotes about the market turmoil:

'This is worse than a divorce. I've lost half my money and I still have a wife'.

Unnamed trader (The Times City Diary)

'By the time they write the history of the credit crisis, no-one will be able to afford to buy the book'.

Vic Daniels, Publisher, Here Is The City

'The left side of the balance sheet has nothing right and the right side of the balance sheet has nothing left'.

'Transparency is 'what you see is what you get' - and what you don't see, gets you!'.

AIG Vice Chairman Jacob Frenkel, in jovial mood at a bankers' lunch (Reuters)

'Right now, there's a buyer's boycott. Western investors, China, the Gulf - everyone is boycotting risky assets. This is a direct consequence of (US Treasury Secretary) Paulson's decision on September 14 to let Lehman Brothers go bankrupt'.

Roger Kubarych, former Fed official and ex-chief economist at the New York Stock Exchange (The Sunday Telegraph)

'What we have is a slow motion crash. In the space of 10 days, we've had a 25% drop - that's a crash, (but) it's slow motion compared with 1987 or 1929'.

Robert Arnott, founder Research Affliates (Bloomberg)

'I think in years to come - I wouldn't say months to come - we will perceive this as being a great value-buying opportunity. Two and three years from now, it will seem very smart'.

David Stowell, a finance professor at Northwestern University and a former Managing Director at JPMorgan Chase

'We have seen the worst excesses in credit markets history. Let the competent banks take over the incompetent banks. Everybody starts over'.

Jim Rogers, chairman Rogers Holdings (Bloomberg)

Finally, the great and the good of the markets were present at a lunch event at The New York Stock Exchange in a panel discussion moderated by The Wall Street Journal. Here's the best sound bites:

'Clearly we're in the panic stage of unreasonable behaviour'

Jamie Dimon, Chairman & CEO, JPMorgan Chase

'In the past few days, the pessimism is total'.

'These aren't necessarily broken companies; it's broken confidence'.

'Regulation has to be less as a prosecutorial system, and more of a consultative system...not an exercise in blame assignment and retribution, because that's not helpful'.

Lloyd Blankfein, Chairman & CEO, Goldman Sachs

(The Wall Street Journal's Deal Journal)

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