Archive for November, 2014

October 2014 Monthly Commentary

November 13, 2014  |   Monthly Commentary   |     |   0 Comment

October 2014 As we wrote last month, illiquidity and investor nervousness wreaked havoc on the junk bond market as investors attempted, en masse, to liquidate their junk holdings. That nervousness carried over into the broad capital markets in October in trading that was reminiscent of October 2008.  The economy is clearly on solid footing and the necessity of a zero interest policy has long passed. Nonetheless, we expect that our perseverance will soon be rewarded as ...