The Dow is up on the year and anything that has a positive spin to it certainly helps give you a better feel in the credit market. But the question is sustainability?

Anything that the industry does that is positive, our critics consider a ploy, and anything the industry does that they don't agree with is considered obstruction.

I'm suspicious that what's behind the academic call for doing away with athletic scholarships is a nostalgia for the good old days, which leaves out everyone but white Anglo-Saxon Protestants, ... world's biggest cocktail party.

He'd be hurt, but he'd be alive.

A factor on everyone's minds is the pipeline. Investors want to know what's coming up on the menu.

You have to know what you're buying in to. Hybrid securities are going to be the most sensitive to any bad times in the credit markets.