Hints and tips:
...The average price of the 10 rose 2.3 per cent, versus a 6.5 per cent gain by the S&P 500. It cannot all be blamed on Valeant Pharmaceuticals....
...— Recent research by Gorton et . al about the form and role of banks as maturity transformers and creators of “private money” is very relevant to this discussion....
...Market sentiment had been better in earlier trading following a rebound on Wall Street. The S&P 500 rose 0.7 per cent, helped by some encouraging earnings reports, after losing 2.7 per cent last week....
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