The market value of the high yield FINRA-BLP Active U.S. Corporate Bond Index relative to its investment grade counterpart has now exceeded the level seen in May 2007, at the peak of the credit bubble.
If you ask me, it looks like risk-taking is back with a vengeance.
That's because all problems have been resolved . Our world leaders have teamed up with great prowess, bravery and financial resources to reduce our experience from the credit crisis to nothing more than "just a bad dream".
Posted by: RUBearish10 | March 18, 2010 at 09:22 AM
A tidal wave of liquidity raises all ships right before it razes all buildings.
Posted by: Chipper | March 18, 2010 at 01:53 PM
I am so happy that there is such an even mix of Cassandras and Pollyannas commenting on this wonderful blog! (Re: RUBearish10 and Chipper, supra). My portfolio is delta hedged!
Posted by: ClarkinOldHickory | March 18, 2010 at 08:16 PM