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Letter "W" » William Sullivan Quotes
«[Hedge funds] have had far more exposure than anyone could have imagined, it was just a wave upon wave of positions gone sour.»
«It was an incredible session, a testimony to nothing else other than volatility led by hedge- fund position activity.»
«To have this quick of a reaction in terms of rate cuts, ... suggests that the Fed was seeing crunch-like conditions.»
«It was days ago Greenspan told Congress there was not a credit crunch in the economy.»
«The market was deeply oversold. It is basically a technical rebound.»
«It was a little disappointing, but it is so expensive that there may be a lot of people holding onto their money for the 10-year and 30-year starting tomorrow.»
«Confidence is rising and risk-aversion is declining. Now we are seeing a huge flight from quality. That reflects the healing process and an improvement in investor psychology.»
«The market is showing amazing resilience.»
«What we are reacting to is the somewhat stronger than expected tenor in the November employment data - that's it in a nutshell.»
«The bottom line message is that the labor market activity remains robust, and that's not the environment that would suggest a need for a Fed rate cut.»