"Stop the madness," CIBC says, in backing its bullish stance on large-cap brokers. Firm says investors need to separate subprime issues,where liquidity is "impaired by internally toxic fundamentals," from corporate liquidity, which is "impaired by external factors having little to do with the underlying health of most issues." CIBC says there's "no question that credit desks are temporarily closed for business and private equity is being forced to sit in the Time Out chair, but the underlying cash flows of these deals are intact." Says most brokers' business lines are doing great. "'Hung deals' aint'gonna break the bank, and the stocks are cheap," firm adds.
DJ Newswire Today
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Stop the madness. Oh Yeah, CIBC ! Now try to understand that this thing called madness works well both ways. Now will you get a shortie ! LOL.
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