If the economy turns down, ... then junk is overvalued and the people buying it are going to get hurt.
More Quotes from Brian Reynolds:
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.Brian Reynolds
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.
Brian Reynolds
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.
Brian Reynolds
It's a transition period now. We're a constantly changing organism that is attempting to be a blessing to the community. The church is not pushing businesses out.
Brian Reynolds
I thought both of our teams did an awesome job this week.
Brian Reynolds
Most schools use (similar trips) as a recruiting tool. It's nothing they're not accustomed to hearing from other schools.
Brian Reynolds
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