The Cat Bounced…Again
April 01, 2009 at 13:57 PM EDT
March was kind to the broad asset classes, and not a moment too soon. After February’s across-the-board declines, and virtually the same in January, a respite from the turmoil was overdue. Even in a global recession, prices don’t fall continuously. But they do fall, and it’s not clear that the markets are through with discounting additional [...]