Surveillance: Pagliuca's Investing Playbook
Bloomberg Surveillance
00:00
What's the Lemmings Over the Cliff Attitude Now?
The high yield market, we did eight billion this week of issuance. It was a buyer's market, and no one wanted to sell. People are still looking for 5% yields in the investment grade space. I think you could completely do a 180 degree turn if you see an S&P go down 5 or 10%.
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