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.
More Quotes from Brian Reynolds:
Their biggest profit-margin lines are under attack.Brian Reynolds
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.
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
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.
Brian Reynolds
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