Summarizing The SALT Vegas Conference: Key Bullet Points From Cohen, Dinan, Ainslie And Englander

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Thu, 05/12/2011 - 14:58 | 1268926 camaro68ss
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Are all these people doing lines at the VIP table in Tao?

How blind can you be? where do these people get there forcasts from, MSLSD? AKA MSNBC

Thu, 05/12/2011 - 15:15 | 1269030 Smiddywesson
Smiddywesson's picture

Camaro, I thought either it went over my head or it was a late April fools joke, because their ravings seemed like, well ravings. 

Thu, 05/12/2011 - 15:29 | 1269077 camaro68ss
camaro68ss's picture

Whatever they are smoken i want some! Ill smoke it when i watch American got talent and be happy in the land of bliss, rainbows, and fairys that grant my wishes.


Thu, 05/12/2011 - 22:29 | 1270562 Thomas
Thomas's picture

Don't know about the others, but Siegel is just a complete boob.

Thu, 05/12/2011 - 15:02 | 1268969 IMA5U
IMA5U's picture

SALT = bullish for The Rhino

Thu, 05/12/2011 - 15:06 | 1268976 Cash_is_Trash
Cash_is_Trash's picture

Coke dealers are the real winners.

Fri, 05/13/2011 - 18:53 | 1273237 The Real Fake E...
The Real Fake Economy's picture

love the rhino!!

Thu, 05/12/2011 - 15:05 | 1268982 Gordon Freeman
Gordon Freeman's picture

This is worth 2 and 20??  What a load of crap--all those fucks just rode the credit expansion of the last 30 years.

Let's see their track records, when the secular bear market in everything really gets a head of steam behind it...

Thu, 05/12/2011 - 22:08 | 1270510 rocker
rocker's picture

I think Jamie Dinan, York Capital: Bearish on Banks has it right.

Fri, 05/13/2011 - 08:20 | 1271179 tmftdoyle
tmftdoyle's picture

you nailed it! closet levered longs, all of them.

Fri, 05/13/2011 - 08:20 | 1271180 tmftdoyle
tmftdoyle's picture

you nailed it! closet levered longs, all of them.

Thu, 05/12/2011 - 15:10 | 1269004 Misean
Misean's picture

Dayam! Did these clowns find the long lost Hunter S. Thompson stash?

Thu, 05/12/2011 - 16:19 | 1269338 citta vritti
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+1 Samoan lawyer

Thu, 05/12/2011 - 15:15 | 1269016 lizzy36
lizzy36's picture

Has Jermey Siegal every NOT said the market is going up next year by 12%-15%?


Siegal's outlook in Jan 2008.

I believe that the stock market will do better in 2008 than it did in 2007, when it chalked up a 5.5% return, the fifth year in a row that the market went up. Year-ahead forecasts for the market are notoriously difficult, but I believe that a 10% to 12% gain is possible, on the heels of a recovering financial sector. Financial stocks plummeted about 20% last year, and this was the reason why the market had a mediocre year. Outside of financials, the S&P 500 Index had double digit returns. A revival of financial stocks would spur good market gains this year.”


Fri, 05/13/2011 - 00:37 | 1270826 ProdigyofZen
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As soon as I saw that Siegal belonged to the Ivory Tower aka "theory universe" I knew whatever he said next would be totally retarded. I was proven right.

Thu, 05/12/2011 - 15:15 | 1269018 AxiosAdv
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It's nit-picking, but Maverick is based in Dallas.  Ainslie has had a rough year or two as well if I remember correctly.

Thu, 05/12/2011 - 15:17 | 1269028 Silver Bug
Silver Bug's picture

What a fitting place.

Thu, 05/12/2011 - 15:19 | 1269041 adonisdemilo
adonisdemilo's picture

you can be absolutely certain this lot haven't a clue


they've invited Gordon fucking Brown to speak.

if you want something to short, follow that asshole, do the exact opposite of whatever he says,  he will fuck up any sound business plan.

welfare socialism at its very worst



Thu, 05/12/2011 - 15:31 | 1269083 camaro68ss
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o man that made me crack up! hahaha

Thu, 05/12/2011 - 15:31 | 1269084 camaro68ss
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Thu, 05/12/2011 - 15:45 | 1269161 TimmyM
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By Saijel Kishan
     May 12 (Bloomberg) -- Eric Sprott, chief executive officer
of Toronto’s Sprott Asset Management LP, said U.S. savers
eventually will pull their money out of banks that are carrying
too much leverage on their balance sheets.
     “If you have a fear of a banking system, you go to gold,”
Sprott said today at the SALT, or SkyBridge Alternatives,
Conference, in Las Vegas. “The dominoes are starting to fall.”
     Savers in Ireland and Greece are already fleeing from
banks, he said.

Thu, 05/12/2011 - 16:14 | 1269321 TheMadNumismatist
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So glad you did not list Gordon Brown

Thu, 05/12/2011 - 16:25 | 1269365 Math Man
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  • Steven A. Cohen, the billionaire founder of hedge fund SAC Capital Advisors LP, said last week’s selloff in commodity markets makes this a good time to buy stock in energy companies.
  • Energy is “an interesting sector,” he said, speaking to a packed room with 1,750 seating capacity. “I think that energy stocks are discounting oil prices much lower than where we are trading today.”

OR, this is a REALLY good time to short oil.


Thu, 05/12/2011 - 16:29 | 1269402 adonisdemilo
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he's on my list, next for the fucking tumbrel

say hello Marie Antionette for me Gordon

Thu, 05/12/2011 - 16:32 | 1269414 AldoHux_IV
AldoHux_IV's picture

Anyone who listens to or thinks Siegel has a valid opinion on anything is just about as cluess and idiotic as he is.  I'm not so sure how much Cohen's worth as well, but apparently a bunch of people in Vegas seem to think these guys are worth listening to over a lap dance and a shake of the dice at the craps table which in my opinion would yield a better ROI.

Thu, 05/12/2011 - 18:04 | 1269776 bogey4
bogey4's picture

Say what you want, but Cohen's track record speaks for itself.  Up 30% a year on average with one down year.  Hell, I'd take that in a heartbeat. 

Fri, 05/13/2011 - 08:38 | 1271205 harveywalbinger
harveywalbinger's picture

30% a year puts Madoff to shame.  But alas, too much juice...  Little Stevie's got TBTF

Thu, 05/12/2011 - 19:09 | 1269971 Yen Cross
Yen Cross's picture

Vegas is the Nuclear option! The land of craters! I have pictures.


OK back to the Article. Houses and Energy. Am I on the epiphamal path?

Thu, 05/12/2011 - 23:50 | 1270738 AgShaman
AgShaman's picture

Hahaha....temperamentally riddled with sound deserves immediate entrance into the Smithsonian

My fave:

"Either the Democrats and Republicans will get together or the markets will force a solution on them"....[thinks deficit is....] "easily fixable"

These "Idjuts" would hope you never seek out the avg. life span or success/survivability rates of most hedge fund managers

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