Today’s column talks about changing attitudes towards risk. From junk bonds dropping as T-bonds rising to a rally in the dollar to frothy sentiment this month in surveys and even yield spreads between short and long-term T-bonds and notes – the tide is changing.
Since I have to run for a plane, I cannot post too much here. However, I can say that with all the news that’s come out over the past week, just about all rections have been negative. The only one that I can recall that was not bad was Wells Fargo. I think JP Morgan and Goldman Sachs more than make up for that.
Of course, the most important news of all is Conan’s 40 million. Well, maybe it’s not that important.
