Back to Square One Again
Thanks to partisan bickering and politicians putting their jobs above their country, things are right back to where they were last week prior to the initial idea of the TARP plan. Below we highlight the price of LQD, an ETF that tracks investment grade corporate debt. As shown, after falling out of bed last week, it got a bounce last Thursday and Friday only to crater once again this week. Let's hope it can turn around next week.