Sense of the Markets: Confidence Makes a Comeback
The metrics that support dealmaking are on the upswing--liquidity in the markets is at a high, interest rates on borrowing remain near historic lows, and companies are flush with cash. The question is, has aversion to risk gotten low enough that the last credit bubble has been forgiven and forgotten? Some players say this could be the start of an up-cycle, but are we on the cusp of a renewed wave of dealmaking? Wall Street leaders debate the promises and pitfalls of the year ahead.