S&P Threatens To Downgrade $12 Billion in Subprime Mortgage Backed Securities
“The fallout of the subprime meltdown on financial services companies that hold some of the debt creates some risk to earnings. The financials make up over 25% of earnings for the S&P 500, so a...
View ArticleBear Stearns Says Its Hedge Funds Essentially Worthless
It seems like the biggest story of the last 4 weeks, the problems at two Bear Stearns hedge funds involved in subprime mortgage backed securities, is coming to an end. In a letter to clients...
View ArticleTrader Of The Year: John Paulson Made Billions Shorting Subprime Mortgages
Trader Monthly recently named John Paulson trader of the year for 2007. Duh!!!! Funds run by Paulson, a hedge fund manager, were up $15 billion in 2007 and he is estimated to have made beteween $3-$4...
View ArticleAnother Great Investor You Need To Know: Balestra Capital’s James Melcher
Last week I wrote a post on John Paulson, the man of the moment on Wall Street for his massively profitable returns shorting subprime mortgage backed securities. Over the weekend, Barron’s wrote an...
View ArticleThe Worst Investment Management Compensation System Ever
I just read a shocking article in on the front page of today’s Money & Investing section in The Wall Street Journal: “Losing A Ton And Still Making A Killing”, Dennis Berman, February 16, C1 . A...
View ArticleClik here to view.
Mark Hart, The 37 Year Old Texas Hedge Fund Manager Who Bet Against Europe’s...
Bloomberg (“Corriente Said to Pay Backers After Europe Debt Bets”, Bloomberg, February 23) and The Wall Street Journal (“How A Texan Bagged Europe”, Gregory Zuckerman, The Wall Street Journal, February...
View ArticleHedge Fund Manager Daniel Loeb, Former Obama Supporter, Blames Policy For...
On Friday, hedge fund manager Daniel Loeb, manager of the $3.3 billion Third Point Partners, sent his second quarter letter to his partners. The letter, which criticizes heavy handed government policy...
View ArticleThe Great David Einhorn On Charlie Rose
For more on Einhorn, see my “Top Gun FP Client Note: Another Bubble”, October 26, 2009 in which I discuss his important speech at the Value Investing Congress in October 2009.
View ArticleClik here to view.
Top Gun FP Client Note: Bull Market Mojo
NOTE: Every week or two, I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of...
View ArticleClik here to view.
NASDAQ: Technical Divergences, Einhorn on The Fed, Inflation, GME and the...
Note: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my...
View Article
