Party back on?

And just like that, things are looking up. Deals are being done, albeit smaller ones. CLO tranches are being sold, though CDOs remain somnolent. The core high-yield market is perking up. And big pensions seem to be insatiable when it comes to alternative investments. So the doom and gloom feel of just a few months ago seems to be lifting. The Fed move really helped. So depending on where you work, it may be yet another phenomenal bonus season. But we'll need to see how the fourth quarter turns out before we really start popping the corks.
- Jim