Europe goes gaga for the LBO 2 Oct 2003 In the first nine months of 2003, deals involving private equity made up 18% of all European M&A more than double the share in the US. There are many reasons for this LBO fetish, but the rise in crises and absence of bankruptcy protection may be a big one.
Retail investors jump aboard stock market rally 21 Aug 2003 Equity funds are once again enjoying steady inflows. This is encouraging, but not a sign that the good times are back. Retail money chases, rather than predicts, trends. Should markets fall again, it will rush for the exit just as fast.