Why would billionaire investor Ronald Perelman spend almost a billion dollars paying off a Revlon Inc. loan?
Something odd is happening on Wall St. It’s so odd, in fact, that those best-placed to benefit from it are taking a step back rather than plunging in.
Yellen helped establish a view among investors that the central bank saw a weaker currency as a help in addressing current account deficits.
It isn't just Wall Street. It feels like all asset classes are soaring at once as animal spirits run wild on what feels like endless free cash.