We all know that no one puts together a daily links post like Tadas at Abnormal Returns, but this morning he did something that I though was exceptional – a compendium of evidentiary posts and articles that show how the “risk culture” has made a comeback:
Just a year ago the Dow plunged 777 points in one day. Who would have thought that a year later the risk culture would be back?
The past week or so has seen any number of items demonstrating that confidence and risk-taking are back on Wall Street. One can argue whether this is justified or not, but it is definitely out there.
If one needs proof that Rock and Roll Will Never Die on Wall Street, one need only check out the excellent links AR has posted this morning to demonstrate this phenomenon.
Check it out here: