As in India,
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After disappointing investors for years, EMs are finally showing signs of life this winter.
Six Flags blames a 'challenging macroeconomic environment' in China for missing revenue estimates.
The five-decade Wall Street analyst Dick Bove just couldn't bring himself to raise money for a bank-stock fund at a time when he thinks banks are likely to be lousy stocks.
Loans to companies with low credit ratings swelled by 15% last year to $1.3 trillion, prompting warnings from the Federal Reserve and International Monetary Fund. Yet Wall Street firms that are deeply immersed in the market, from banks including JPMorgan Chase to private-equity firms like Blackstone, say they don't see what the problem is.