Secrets of Finances and Payday Loans

The high correlation between M&A activity and equity market performance clearly shows that M&A was a major driver of the equity bubble of the late 1990s. Sometimes even mergers that did not create synergies were rewarded by rising stock prices on the side of the overtaking parties. It was obvious that not every merger was [...]

Changes in risk appetite seem to depend on the level of risk appetite in the preceding month. Up- and downswings of risk appetite are driven by investors’ perceptions. If risky assets have outperformed for some time, investors tend to expect a continuation of this outperformance. Conversely, during times of underperformance of risky assets, investors apparently [...]