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December 2007

Recs

24

CitiBank of America

December 11, 2007 – Comments (13)

June 25th, 2008:  [more]

Recs

8

Buffett Buys Junk!

December 03, 2007 – Comments (2)

It was reported today that Warren Buffett made a decent size ($2 Billion) purchase of high yield (junk) bonds, specifically senior unsecured bonds sold to pay off the LBO loans for the TXU buyout.  Check out the returns he will see on these, and you begin to understand why all the smart money is starting distressed (vulture) funds:  [more]

Recs

7

Bear With Me...

December 02, 2007 – Comments (2)

I was going to put together an argument for why I think the overall market will need to have a significant repricing, much more severe than the "correction" we recently witnessed.  Then, I came across this article in Fortune which lays it out pretty clearly.  If anyone can counter the bear market argument, I would love to hear it...  [more]

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