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But 2004 is a long way off in today's equity market.
The world's equity market was here and the world knew it.
That is large enough, he said, to be a significant part of the equity market.
They will instead have to go to the equity markets.
But in the current state of the equity market, that did not appear possible.
Our view is that oil prices are likely to stay higher than most in the equity market think.
The picture was much the same in the equity markets.
Then, the government's determination to support the equity market became clear.
A look at the American equity market shows a generally positive picture.
After all, the equity market has been stalled for most of this year.
So far in 1987, however, natural gas issues have kept pace with the equity market.
Losses have been common when equity markets are doing well.
"It is hard not to be optimistic over the potential of the equity market," he said.
This is an equity market where investors are very concerned about risk in general.
People did back off from the equity markets at that point, briefly.
Global equity markets would certainly rally if so, at least for a while.
You do not invest in the equity market to make capital gains!
But the effects of weak equity markets on the bank's results were clear.
"A lot of people had been putting off committing dollars to the equity market," she said.
And hardly anyone can tap the equity markets for money.
"This is what's going to turn the bond market and the equity markets, as well," he said.
"Also, the equity market helped quite a bit, led by technology and telecommunications stocks."
Since early 1989, the equity markets have looked positively on signs of political change.
"A little bit of inflation in its early stages has always helped the equity market," he said.
Now, at 40, he is president of a private equity marketing consulting company in Dallas.