Brian Reynolds
Brian Reynolds
accustomed hearing recruiting schools
Most schools use (similar trips) as a recruiting tool. It's nothing they're not accustomed to hearing from other schools.
fed people reaching surprised
Everyone was reaching for yield. When the Fed first tightened, people were surprised as heck.
actual airline bankruptcy bonds filing impact sector since
Bonds in the airline sector have been priced with bankruptcy as a real possibility since the spring, so an actual filing shouldn't really have an impact on the market,
cost lower negative structure
If these things had not been done, it would have been a big negative because they have to lower their cost structure to be competitive.
continues deals flood gut high market pickup point tells yields
My gut tells me that spreads and yields are still too high to see a flood of deals. But if the market continues to improve, we will be at a point where a pickup in deals would be feasible.
break great nine shows
When you can break nine of our records, that shows you there were a lot of great efforts.
book discipline intellectual
Confucianism is all about tempering your instincts with intellectual discipline, with book learning.
people used novel
People used to expect literary novels to deepen the experience of living; now they are happy with any sustained display of writerly cleverness.
children agency people
Just after Kim Jong Il's death, the official news agency put out an article saying that under Kim Jong Il's rule, the people had been like naive children without a care in the world.
reality people together
The reality is we all have to work together to make it work. We're going to be congenial with everyone. We're not telling people to park on the street.
asking buying fed people saying
Way too many people have been saying this. I'm even getting people asking if the Fed is buying stocks, which is just too weird.
awesome both job teams
I thought both of our teams did an awesome job this week.
markets money
GM's going out to the markets to get the money and they're going to put it back into the market, so in a sense it's a wash,
asset bonds coming corporate debt difference due earnings huge operating price roll signs start stock stocks valuing weak worried
For me to get worried about the stock market, you have to show me signs that corporate bonds are getting weak and all this debt coming due isn't going to be rolled over. If you can't roll the debt over, you have to start valuing stocks on an asset basis. If you can roll it over, you have to start valuing it on an operating earnings basis. There's a huge difference in price between those two.