Investors now need to make a decision; stay in the roller coaster or get out?
“This is an unprecedented event,” said Susan Wachter, professor of real estate and finance at the Wharton School of the University of Pennsylvania. “The great financial crisis happened over a number of years. This is happening in a matter of months — a matter of weeks.”
The Fed took a step to avoid crowding out some commercial bank lending with its exploding balance sheet. It may eventually have to do more.
Junk bonds still face ‘numerous fundamental headwinds’ despite unprecedented aid from the Federal Reserve, Goldman Sachs said Thursday. Spreads …