Bill Sullivan
Bill Sullivan
clear commentary economy improve point press session statistic street upbeat wall year
We started the session with this tremendously upbeat commentary in the press and a clear mind-set on Wall Street for the economy to improve in 2003. Lo and behold, the first significant statistic of the year underscores that point of view, so we're off to the races.
apparently balance buyers exhibition home household mortgage number pattern rates relatively rise seem sheet shift small suggest
In our judgment, this pattern could be another exhibition of household balance sheet stress, as the shift would seem to suggest that a relatively small rise in 30-year rates apparently excludes a significant number of prospective home buyers from qualifying for mortgage credit.
environment equity good investors news produces recovery
Good news on the recovery front. Obviously, equity investors feel that this is an environment that produces better earnings.
case evidence government inquiry millions original originally proves rendered terrorist three
The government now agrees, after three years of inquiry and millions of dollars, that the evidence in the original case proves the terrorist convictions originally rendered by the jury.
began expecting financial growing india market next operations path services since test three triple
We have been on a high-growth path in India since we began our R&D services and financial services operations there in 2001. With the test and measurement market in India growing at an accelerated rate, we are expecting to triple the revenues from India in the next two to three years.
none party
This should be a party like none other in Highland.
events incentive major
With so many events looming ahead, there is no incentive to take any major positions.
above bright hours losses picture saw several state trying union
We're trying to put a bright picture on the State of the Union address. We're well above the losses we saw several hours ago.
bar call drink ready walk
We call this our neighborhood bar - it's our home. I can walk in and they have my drink ready before I even get to the bar.
action again consumer continues economic economy fed funds further grow likely march moderation overall raise rapidly target unless
If the economy continues to grow rapidly in March and April, (the Fed is) likely to raise that funds target again in May. So the market's been put on notice: Unless you see some overall moderation in economic activity, particularly in consumer spending, we're likely to see further tightening action down the road.
arena bond coming continues equity flows market push quality treasury yields
If the equity market continues to retrench, then there's going to be quality flows coming into the Treasury arena that push bond yields lower,
delighted success
We are delighted to be here. This is a success story.
help hoping seem trying
We're just trying to reunite families, ... We were hoping Greyhound would help us out. Unfortunately, it doesn't seem like that's going to happen.
activity began calendar current difficult dry found half households maintain payment schedules second volume year
It is no coincidence that households found it more difficult to maintain current payment schedules just as the volume of refinancing activity began to dry up as the second half of the calendar year got underway,