I anticipate a continuation and acceleration of event risk in the credit market in 2006.

Even though spreads widened today, there appears to be some relief among market participants that there is apparently not going to be a battle for control of Wendy's.

The issue is the ongoing viability of a given company's business model.

There are risks that inflation could heat up at bit and therefore the risk that the Fed might have to be a bit more vigilant than the market expects is the thing that makes me the most cautious.

EPA actions up to now have reduced the risk from only two out of the 125 riskiest pesticide uses on food, and have actually allowed more risk in seven cases. This is a pathetic record.

Life, like poker, has an element of risk. It shouldn't be avoided. It should be faced.