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Letter "W" » William Sullivan Quotes
«I think what this may show is that we may have witnessed the peak levels of consumer confidence in the late spring and early summer. But it confirms that you do have spirits holding at a high level.»
«They may wait until after their second-quarter (gross domestic product) report comes out because if the number is strong, trying to slow down the yen will be an uphill battle.»
«The only thing that can take yields down is a total retreat in equity prices.»
«The market remains very defensive ahead of these key data releases.»
«It doesn't seem to be news-related, it seems to be more technical.»
«We don't know how serious it might be. Such disclosures are always problematic.»
«Liquidation, liquidation, and more liquidation, ... It's a steady drumbeat of selling across the curve.»
«The stock market sees these data as representing an end to the recessionary environment and signaling some improvement in the not-too-distant future. For now, the dominant view is that this is the close on the 2001 recession, so you sell bonds to buy stocks.»
«There were questions developing in the market late last week regarding the tenor of Greenspan's speech ... (and) it seems as if the potential that there won't be a rate cut is weighing negatively on the Treasury market,»
«We're down for three reasons. One, we still have the overhang of supply associated with the February refunding auctions, which were not distributed that well, ... Two, the early gains in the Dow Jones industrial average have eliminated some support for Treasury.»