# Professor Edward Altman comments on the recent surge in the stock market

1 Faculty News July 25, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/view/articles/2016-07-25/stocks-ignoring-defaults-are-cruising-for-a-bruising) -- "Both the S&P 500 Index and the Dow Jones Industrial Average closed at record highs last week. [Edward Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman), a finance professor at New York University who specializes in corporate borrowing, reckons equity investors are blind to the risks being signaled in company debt."

[Read more](http://www.bloomberg.com/view/articles/2016-07-25/stocks-ignoring-defaults-are-cruising-for-a-bruising)