Such as :
| The Endgame For Risky Assets? |
 |
| 11:57:00, July 06, 2007 |
|
 It is too early to expect a significant widening in credit spreads. Corporate balance sheets are currently in great shape (although the era of improvement is over). Similarly, commercial bank balance sheets are in the best condition they have been in for a long time. Risk was concentrated in the banking sector in many past financial crises. This time, securitization has enabled credit risk to be more dispersed, thereby reducing systemic risk. |
and
| Riding the Energy Bull |
|
| 12:15:00, July 05, 2007 |
|
 Our Commodity and Energy service recently released a report highlighting that energy stocks are entering a mania phase that could resemble the tech mania in the late 1990s.Energy continues to be our favorite mania candidate because a structural increase in emerging markets’ demand is being met by a limited supply response. This is a very positive backdrop for energy stocks, where valuations remain attractive and relative earnings are strengthening. |
No comments:
Post a Comment