Archive - May 11, 2009

The chart below pretty much says it all, compliments of sentimentrader.com

(as for the definition of dumb money, well as the saying goes, if you're gonna ask...)

The chart below pretty much says it all, compliments of sentimentrader.com

(as for the definition of dumb money, well as the saying goes, if you're gonna ask...)

The chart below pretty much says it all, compliments of sentimentrader.com

(as for the definition of dumb money, well as the saying goes, if you're gonna ask...)

Between RealPoint and TREPP, any investor who has the reading comprehension of an 8 year old, the excel skills of a moderately well-trained primate and access to either or both of these databases, should be able to extract sufficient data that will promptly indicate just what commercial real estate is shooting up these days. Whatever it is, it sure ain't green.

Between RealPoint and TREPP, any investor who has the reading comprehension of an 8 year old, the excel skills of a moderately well-trained primate and access to either or both of these databases, should be able to extract sufficient data that will promptly indicate just what commercial real estate is shooting up these days. Whatever it is, it sure ain't green.

When Zero Hedge previously demonstrated the results of FDIC commercial loan auctions and the discount the Federal Deposit Insurance Corporation was willing to take in order to offload commercial loans (both non-performing and performing) from its books, the result was very startling, specifically when considered in the context of the vocal endorsement Ms. Bair had given to the PPIP's Legacy Loan program and the expected commercial loan clearing levels in the 80s and 90s.

When Zero Hedge previously demonstrated the results of FDIC commercial loan auctions and the discount the Federal Deposit Insurance Corporation was willing to take in order to offload commercial loans (both non-performing and performing) from its books, the result was very startling, specifically when considered in the context of the vocal endorsement Ms. Bair had given to the PPIP's Legacy Loan program and the expected commercial loan clearing levels in the 80s and 90s.

It has been a while since the general public, in its ecstatic following of every S&P uptick, was reminded about the dirty side of capitalism. Fox Business Network reports that Laura Pendergest-Holt, chief investment officer of the Stanford Financial Group, will be indicted Tuesday on additional charges besides existing counts of obstruction of justice.

This video is a must watch for anyone who wants to understand just how "effective" the Fed is at safeguarding taxpayer money. Apparently nobody at the Federal Reserve has any clue where the trillions of dollars that have come from the Fed's expanded balance sheet have gone. Additionally, nobody there seems to have any idea what the losses on the Fed's $2 trillion portfolio really are.

The good folks at comstockfunds demonstrate just how cheap the S&P is as of April 30. Not to fear though, corporate earnings will have no problem rebounding by about 100% next year. No problem at all.

The good folks at comstockfunds demonstrate just how cheap the S&P is as of April 30. Not to fear though, corporate earnings will have no problem rebounding by about 100% next year. No problem at all.

Alpha magazine is out, albeit with about a month delay for frequent Zero Hedge readers, with an article that follows in the footsteps of WSJ's expose from earlier, focusing on the belated topic de jour of quantitative funds. In "Stat Arbitrageurs: Merchants of Volatility", Alpha has done a nice job of rephrasing the arguments that Zero Hedge has been disecting since mid April.

Submitted by Gonzalo Lira

"Why I'm Freaking Out"

Secondary market hedge fund interests continue to be actively traded, and as LP broker Hedge Bay indicates, the discounts for offers have hit unprecedented levels. The most recent level of Hedge Bay's Secondary Market Index Value hit an all time low of 80.31 for the month of March.

Secondary market hedge fund interests continue to be actively traded, and as LP broker Hedge Bay indicates, the discounts for offers have hit unprecedented levels. The most recent level of Hedge Bay's Secondary Market Index Value hit an all time low of 80.31 for the month of March.