Archive - Jun 2010 - Blog entry

Investors remain bearish, and buying into last week's weakness continues to be the right play -- so far. However, a positive outcome is far from certain especially since there is an apparent lack of conviction amongst the "smart money".

What's another $50 billion?

We've got a right to know what's really going on!

What are they doing down in D.C.? Nothing helpful.

Analysis of the CMBS market with a few notes on CC and ABS market.

In Chapter 4 we look at the concept of control and how fear is used to control us while we use fear to control ourselves. We learn we make reality fresh every day and we examine the dynamic of apathy. For those of us who come up short, we learn it’s not what you have but how you use it and we visit with the Nailman, who explains that there's no trying, just doing.

As a follow-up to our piece on the Australian macro outlook (Australia: The Land Down Under(water in mortgage debt), We looked into the four largest Australian banks...

Yesterday, I sat through a conference sponsored by Andrew Schneider’s Hedgeco.net on starting and marketing hedge funds. As I sat through the various presentations focusing on transparency, performance results, etc., I though to myself, ” You know Reg, you probably rank in the top echelon of these guys in terms of absolute performance, and in terms of transparency you actually publish what you do on the web for all to see.

Lenders are just starting to face up to their bad CRE loans and the decline in CRE values doesn't look encouraging for debt that will roll over from now until 2013. Investors are starting to pick at the market, but can they provide a floor?

The euro will be able to weather the sovereign debt crisis, the Chinese national pension fund chief said on Thursday, helping spark a sharp rebound in the European currency. The Chinese pension fund was looking to pour more money into foreign stocks and bonds as well as overseas private equity funds and unlisted firms. Get ready, another bubble is headed our way.

Boring, but important stuff.

Isn't it funny how some of your biggest home runs are from positions that nearly EVERYBODY says will never work? GS was one of the most contrarian of contrarian moves and proves once again that math, truly forensic research and an objective perspective will continuously best the crowd following, “Goldman is too connected” huffing, “This is the best company on the Street” touting, Buffet position worshiping, momo chasing, “I just do what everybody else in the industry does” crowd.

JPM JPMCC 2010-C1 CMBS offering more sound than originally thought.

"We cant stop here. This is bat country"

What a guy ...