Bruce Berkowitz Thanks Goldman And Government For Generating Market Beating Returns For His Fund

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
HarryWanger's picture

And I bet they're out buying this dip again today. Like I keep saying when you see any dip, even this shallow (SPX -11 or so) jump in and buy. AAPL was a screaming buy on a $1.50 pull back today.

Cognitive Dissonance's picture

Harry,

Put the pompoms down and go back to sorting urinal cakes.

Artful Dodger's picture

CD, you really lower yourself with comments like these. You have lots of great thoughts and I enjoyed your recent piece on silver. I basically understand why the talking mouths here keep trashing Harry: he expresses a different point of view, sometimes a pragmatic one, and one which usually seems to be the result of more independent thought than the me-too gang around here.

You, however, are better than that, an articulate, independent thinker, yet display the same childish gang-up response to Harry.

If you read this I hope you take it in the spirit it is intended. I hope you don't make comments like these just to ingratiate yourself with the me-too gang here. Your actual articles and substantive comments do that on their own.

homersimpson's picture

Don't forget to pull the iPhone out of your arse as you try to do a backflip for the Fed.

HarryWanger's picture

You still have a chance to buy. It's going to 350 within the next two weeks and will be at 400+ EOY. 

thepigman's picture

But you'll still be a

douchbag.

Hephasteus's picture

Ya but he'll be a douchebag with a 50 percent inflation hedge. Gold owners ride 1st class. Stock maket participants are business class and everybody else freezes in the wheel well. All aboard the wealth stealing plane.

Hephasteus's picture

So what I here you saying is "Buy the fucking dip!!"

AccreditedEYE's picture

What complete crap... I'll give it to the Fund Mgr. of the Year that he could see where to allocate capital ahead of the U.S. Gov (sound like someone else we know?) but that takes real balls to say thanks to the "civil servants" that don't see a dime of his profit.

AccreditedEYE's picture

thanks... so irritated, I'm not even thinking straight.

Cognitive Dissonance's picture

....if one doesn't want to be 'GM senior bondholdered.'

Wow, that phrase right these says a mouth full, doesn't it. And anyone in the business knows instantly what it means. No footnotes needed to understand the modern way one is separated from their ownership rights.

The mighty hand of God (the Fed) commands you.

ZeroPower's picture

Haha yes good phrase indeed.

Though i propose to you 'GM common shareholdered' would be perhaps even more fitting!

Freddie's picture

First - bitchez!  I think he is serious.  They have what $12 billion in assets in that fund?

ReallySparky's picture

Completely off topic:  This is the best year in review that I have read recently!  Well worth your time....

http://forums.wallstreetexaminer.com/topic/921049-2010-year-in-review/

Excellent, Excellent, Excellent.  Very funny too.

Original link was found on Martenson, link above has downloadable pdf and doc, file.  Very original.

mtguy's picture

So we have the Einhorn vs. Berkowitz battle for St. Joe supremecy. Einhorn's presentation on why he shorted Joe seemed complete. I'd like to see Berko's thesis. Even with Berko's great track record, I'm betting (paper $ only) on Einhorn (even though he looks like he's about 15 years old!)

SpeakerFTD's picture

Nice timing on the letter, Bruce.  Enjoy Black Monday!

HarryWanger's picture

Curious why you would think there would be a Black Monday? Big turnaround again today off the lows is a nice sign heading into next week. You have to look at the employment numbers today - perfect from a market sense. Retail guy is happy unemployment is going down and big guys hear Ben say we still have a long way to go, i.e more and more QE.

Won't be a Black Monday with that sort of bullishness.

onlymyopinion's picture

What would a Black Monday look like?  SnP's down 5?  10? ROFL!  Based on todays strength we may have already seen the lows of the year on Monday (1257).  If today didn't make a believer that we're going much higher this year, I'm not sure what will.  POMO ROCKS!  LOL

ExploitTheMarket's picture

Two more large POMO days on Monday & Tuesday, then a new POMO schedule comes out on Wednesday: http://www.newyorkfed.org/markets/tot_operation_schedule.html

RobotTrader's picture

Wanger...

No, AAPL is not a screaming buy.  That stock is way overextended, I wouldn't buy it here.

Other stocks with good breakouts today are RBN, LLL.  These stocks are just starting good moves....

HarryWanger's picture

Trading like value stock with a p/e around 15. This thing should be sporting a p/e in the mid 20's and I think it will very soon. Tell me; what does that do to the price??

Internet Tough Guy's picture

Trolls trolling trolls. The circle is complete.

Hephasteus's picture

Well see now you're using your whole brain. You've incorporated the shoulda's woulda's and coulda's that successfully muddy up your clear viewpoint of reality. You are now prepared to become a super star trader.

http://www.youtube.com/watch?v=gxfJw8LeSuY

Jay Gould Esq.'s picture

Only 120 seconds separate these two posts -- just about the requisite amount of time for Alias X to post a comment, then log off -- then log back on again, under Alias Y, and "respond" to Alias X's post.

HarryWanger's picture

Big move AH on AAPL Verizon announcement coming next week.

onlymyopinion's picture

Been very pleased with FAS & SSO.  Actually bought more today.  But DON'T follow my advice (I'm a sheeple)-LOL

Jerry Maguire's picture

It's the inevitable result of central banking:  money gets doled out like a political favor, and as time goes on it's like there's no internal limit to it.  That's where we are now. 

The external limits tend to be violent, but they don't have to be. 

We can cancel debts and return to a gold standard through a constitutional amendment.  It would be a big change, but it could be done. 

I'd post a proposed amendment if anyone is interested:

http://strikelawyer/wordpress.com

2446's picture

Does anybody know what the consumer credit number is, excluding student loans?

goldmiddelfinger's picture

I'd guess it's still too high.

tmftdoyle's picture

what a pompous tool. next a shout-out to eddie lampert for completely manipulating trading in sears holdings.

Art Vandelay's picture

Anyone else here creeped out by the "Semper Fi" reference? Was Berkowitz a Marine?