Economic Clouds? Wall Street Sees Signs of Sunshine
Main Street may be struggling, but Wall Street is on a bit of a roll.
Despite a drumbeat of bad economic news, the stock market is up -- almost 11 percent in the last few weeks. Junk bonds, those risky corporate I.O.U.'s, are rallying. The value of financial shares, bank loans, tricky credit derivatives -- up, up, up.
Many on Wall Street, the epicenter of the credit mess, seem to think that the worst is over. For the first time in months, ...
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