Oaktree's $10 Billion Distressed Fund Returns Investor Capital, Runs Out Of Investing Ideas

Tyler Durden's picture

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tellsometruth's picture

finish qe2 not likely

 

I got a strategy that been working well for me...

physical silver duh... support your local coin shop

ghostfaceinvestah's picture

so true - buying physical pms has been a no-brainer since March 2009 when Bernanke decided to corner the MBS market.

Fish Gone Bad's picture

Kennedy once said (in discussing nuclear conflict), "The fruits of victory will taste like ashes in our mouth."  The longs will get pants'd, and the shorts will be villified and investigated. 

tellsometruth's picture

my avatar couldn't resist... I also love gold!

http://www.youtube.com/watch?v=DOFAnpb8I3E

goldmember

ghostfaceinvestah's picture

He should wait a few months - if/when Bernanke stops printing, or is forced to stop printing, there will be all kinds of distressed debt.

william the bastard's picture

Nah, he got his fee rip for drumming the desk while looking for tee times. (98% back at cha).

Misean's picture

Next up, Bernutty turns stone into bread.

InconvenientCounterParty's picture

so, this is what it looks like inside the event horizon.

slaughterer's picture

What? they do not feel comfortable chasing NFLX and AAPL with their clients money like all the others?

Buck Johnson's picture

The govt. has cornered the market and some are leaving because they either can't make money or they don't trust what is being said or seen.

Hedge Jobs's picture

its gone way beyong moral hazard now. Bernanke has in effect killed capitalism. Trade accordingly

Founders Keeper's picture

[its gone way beyong moral hazard now.]---Hedge Jobs

And way past moral.

I like your line, Hedge.

[Bernanke's plan of killing all the bears has succeeded. Next up: it's the bulls turn.]---TD. Also, a very good line.

This week, I sold what's left of my last stock market trades. Time to close up shop and change gears.

I'm certain we're moving into the next phrase. Something different. Old tricks are expiring; new tricks are coming.

 

topcallingtroll's picture

One of the things that really piss me off about the great rebalancing is that there is no real value out there as an asset class as a whole. Small houses at auction to fix up and rent are the only.value plays out there. When i mean value play i mean a.good priced.asset that will throw off an 8 percent return per year at least half cash.that is low risk. Anything else out there besides becoming a slumlord? Oil and gas trusts come close.

trav7777's picture

MLPs and exploration companies, and trusts...that's all I'm in anymore.  The price trends seem to suggest everyone is buying whatever yield they can find.  Some of the better coal trusts are now barely above the 10-yr yield (ARLP)

slaughterer's picture

Well, can we consider silver still distressed?  

The Navigator's picture

How does anyone value anything when the government enters the market(s) and distorts reality (financial: QE2 - autos: GM - Healthcare: Obamacare - housing/mortgages: FannieMae, Freddie Mac) - all realistic Price Discovery is thrown out the window.

Every possible investment idea has been bubbled away by the Fucked-me-in-the-ass Federal Reserve.

The ONLY thing I can think of is PHYSICAL gold/silver - the Fed can't print more money to buy gold without gold going up in value; so the Fed can't screw with gold/silver, they can only screw with their ass-wipe green paper bills - and that may be the last bubble they blow; one can only hope.

JoeStocks's picture

Here's what Greenspan said in 2002 right after program trading on the NYSE started climbing dramatically and all of a sudden JPM (who was rumored to be insilovent just months earlier) along with every other primary dealer bank starting making huge propfits in their proprietary trading units;

"But let us consider now another aspect of market regulation efforts: transparency. There should not be much dispute that markets function best when the participants are fully informed. Yet, paradoxically, the full disclosure of what some participants know can undermine incentives to take risk, a precondition to economic growth.

No one can deny that fully informed market participants will generate the most efficient pricing of resources and the most efficient allocation of capital. Moreover, it could be argued that, if all information held by individual buyers or sellers became available to all participants, the pricing structure would more closely reflect the underlying balance of supply and demand. Thus full information would appear to be the unambiguous objective. But should it be?"

Greenspan September 2002.

 

But should it be??

The Navigator's picture

When some 'privileged' have advance info to trade on while the peons and peasants don't have the same info, that's a rigged casino.

Then you start wondering what else is rigged in favor of the elites; practically everything, is what I think. So fuck them - I participate in as few of their stupid ass games as is possible.

The problem is, you can burn their temple to the ground and they just build another one to us screw over and over again. Corruption is the name of their game and I don't know how any of us can prevent it arising after the temple is burned down.

Miss Expectations's picture

I feel the same way.*  I use to go to storage auctions as a kind of hobby.  Ever since that reality show "Storage Wars" went on the air the whole thing has been ruined.  All these well-dressed jerks showed up with flashlights!!!  Use to be 10 or 15 people going, now there are well over 50.  Use to be able to buy a box for $2.00, now they're going for $25.  Get this, the auctioneer wants $15.00 just to sign up! Worse, the jerks bidding shout out a $20.00 starting bid for stuff that use to sell for about $3.00. 

Game over for the bottom feeders...especially hard on the folks who sell the stuff at flea markets.

*I'm not returning $3 Billion to anyone.

co2010's picture

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cosmictrainwreck's picture

yo, Tyler! trolls are back........

co2010's picture

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cosmictrainwreck's picture

yo, tyler! trolls are back....

Dollar Bill Hiccup's picture

Who needs China when the FED is buying. No, but seriously. Really.

treemagnet's picture

I don't understand the "there won't be any money for shorting" by TD.  Like, literally or are we just just going big to make a point.  Otherwise, what about buying puts, selling calls, etc.  Why wouldn't volatility stocks explode?

Caveman93's picture

Long silver, freeze dried food, whiskey and of course, porn DVD's for when they shuts down the internets.

Village Smithy's picture

Maybe he means that all of the anti-shorting rules will be back in play and short plays will be severely restricted. If the PDs are anticipating that scenario, wouldn't it make sense for them to have already taken short positions? Perhaps they have already decided on a top and are just waiting for the right "black swan" news event that they can use as cover as they prick the bubble. Is there any money flow or trading data that might shed some light on this?

ebworthen's picture

 

When all else fails they will confiscate IRA's, pensions, 401K's with euphemisms such as "American Reinvestment Act" or "Retirement Stabilization Measures" and let J.P Morgue and Cryptibank oversee the "funds".

 

What depravity is left to the masters of depravity?

 

robertocarlos's picture

Is it impossible to make a return on money? Honestly, yes.