The following minimal example provides \mathquotes{<stuff>}
that puts quotes around <stuff>
in math mode at the same level of the highest element (in \displaystyle
):
\documentclass{article}
\usepackage{amsmath}% http://ctan.org/pkg/amsmath
\usepackage{graphicx}% http://ctan.org/pkg/graphicx
\newsavebox{\mathbox}\newsavebox{\mathquote}
\makeatletter
\newcommand{\mathquotes}[1]{% \mathquotes{<stuff>}
\savebox{\mathquote}{\text{``}}% Save quotes
\savebox{\mathbox}{$\displaystyle #1$}% Save <stuff>
\raisebox{\dimexpr\ht\mathbox-\ht\mathquote\relax}{``}#1\raisebox{\dimexpr\ht\mathbox-\ht\mathquote\relax}{''}
}
\makeatother
\begin{document}
\[\text{``}\frac{1}{0^-}\text{''} \quad \mathquotes{\frac{1}{0^-}}\]
\end{document}