An old Wall Street saying notes: "When the ducks are quacking, feed 'em."
Well, the quacking as we pointed out yesterday in the bit about "new kid in town," continues. As this WSJ article points out, look for a flood of convertible securities to hit the market as bankers and corporations do what they do best--feed a growing investor appetite.
http://online.wsj.com/article/SB10001424127887324682204578513310149956102.html?mod=markets_newsreel
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Old soldiers never die and they don't fade away as one famous American general once put it. They just go to Wall Street and make a lot of money.
http://online.wsj.com/article/SB10001424127887324682204578513663485449922.html?mod=WSJ_hps_LEFTTopStories
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