Any word on the street of a distressed debt ETF? Otherwise I might just pick up BX, FIG, OZM, or other listed hedge funds.
Originally posted by: LegendKiller
Originally posted by: JS80
Originally posted by: LegendKiller
Originally posted by: JS80
I wish someone would start a distressed debt ETF. I know a lot of hedge funds are starting distressed debt funds right now.
Last week's Asset Backed Alert showed something like 35 funds, but those are just the ones we hear about. I know Pimco has pledged billions, as well as many other funds are looking into distressed debt. I think it's going to be a feeding frenzy. With all of the RMBS/CMBS/LBO debt out there going for bargain prices, you'll see them get bid up and all of the "marked down" crap on balance sheets will reprice up, resulting in windfall gains to companies.
Gold is another commodity bubble, pushed up by people looking for hedges against risk and inflation. Similar to oil, it's being driven by speculators trying to jump ahead of the curve.
Goldman Sachs said the market for oil contracts is 30x what the real hedging market is, gold is ~15-20x the actual market, I think we discussed that before.
Copper is another bubble, as well as wheat. Although both of those have some fundamental supports. However, Gold is a demand market with no supply support, very asymmetrical in nature and far more prone to speculation.
I think Gold will go back up above 1k, but the first sign of economic recovery will be a great time to short gold down to 500 or less.
We'll see. I'm still not convinced that it will go back up, but I am not a fortune teller.
Personally, the worst of this could be over. With Freddie and Fannie dumping 200bn+ of liquidity into the market, several states getting close to a foreclosure moratorium and discussion of a mark to market moratorium, as well as broker/dealers getting access to the window, the cascade of bullcrap accounting marks may be over.
If so, then it's just a matter of time until the market slowly absorbs the 300-400bn in subprime losses.
The flight to safety may be over, but who knows. I do agree that the 5-10 year outlook on gold is far below 1k.
Originally posted by: pontifex
Originally posted by: moshquerade
Originally posted by: moshquerade
i wonder how long before olds gets vacationed. i'm not gunning for it.
but olds, crossposting is a no-no. i found that out first hand.
That was then this is now.
Anandtech Senior Moderator
Red Dawn
to set the record straight, crossposting is ok now?
i don't wtf we can post or not any more...the rules seem to go on a per person basis.
Originally posted by: oldsmoboat
Originally posted by: pontifex
Originally posted by: moshquerade
Originally posted by: moshquerade
i wonder how long before olds gets vacationed. i'm not gunning for it.
but olds, crossposting is a no-no. i found that out first hand.
That was then this is now.
Anandtech Senior Moderator
Red Dawn
to set the record straight, crossposting is ok now?
i don't wtf we can post or not any more...the rules seem to go on a per person basis.
In all fairness, you have issues understanding a lot of things that go on here.
Originally posted by: sdifox
Originally posted by: Special K
Marked for my future Ownage of the Year 2008 thread.
What happened to 2007 one?
Originally posted by: Geekbabe
The rules are unfair and biased!!!!
lol, I had to try that just once to see how it feels
It was icky !!! :laugh:
Originally posted by: waggy
Originally posted by: Geekbabe
The rules are unfair and biased!!!!
lol, I had to try that just once to see how it feels
It was icky !!! :laugh:
yeah..
:roll:
Originally posted by: oldsmoboat
Originally posted by: pontifex
Originally posted by: moshquerade
Originally posted by: moshquerade
i wonder how long before olds gets vacationed. i'm not gunning for it.
but olds, crossposting is a no-no. i found that out first hand.
That was then this is now.
Anandtech Senior Moderator
Red Dawn
to set the record straight, crossposting is ok now?
i don't wtf we can post or not any more...the rules seem to go on a per person basis.
In all fairness, you have issues understanding a lot of things that go on here.
Originally posted by: Geekbabe
The rules are unfair and biased!!!!
lol, I had to try that just once to see how it feels
It was icky !!! :laugh:
What's that supposed to mean?Originally posted by: Geekbabe
The rules are unfair and biased!!!!
lol, I had to try that just once to see how it feels
It was icky !!! :laugh:
Originally posted by: Howard
What's that supposed to mean?Originally posted by: Geekbabe
The rules are unfair and biased!!!!
lol, I had to try that just once to see how it feels
It was icky !!! :laugh:
Originally posted by: oldsmoboat
Originally posted by: waggy
Originally posted by: Geekbabe
The rules are unfair and biased!!!!
lol, I had to try that just once to see how it feels
It was icky !!! :laugh:
yeah..
:roll:
You spend an inordinate amount of time here for someone so sad and oppressed.
Have a :beer: and chill.
Originally posted by: pontifex
Originally posted by: moshquerade
Originally posted by: moshquerade
i wonder how long before olds gets vacationed. i'm not gunning for it.
but olds, crossposting is a no-no. i found that out first hand.
That was then this is now.
Anandtech Senior Moderator
Red Dawn
to set the record straight, crossposting is ok now?
i don't wtf we can post or not any more...the rules seem to go on a per person basis.
Originally posted by: pontifex
1) No trolling, flaming or personally attacking members. Deftly attacking ideas and backing up arguments with facts is acceptable and encouraged. Attacking other members personally and purposefully causing trouble with no motive other than to upset the crowd is not allowed.
Originally posted by: JS80
Any word on the street of a distressed debt ETF? Otherwise I might just pick up BX, FIG, OZM, or other listed hedge funds.
Originally posted by: CaptainKahuna
Originally posted by: JS80
Any word on the street of a distressed debt ETF? Otherwise I might just pick up BX, FIG, OZM, or other listed hedge funds.
You may want to clarify your understanding of Wall Street before you go investing in those stocks. Blackstone (BX) and Fortress Investment Group (FIG) are not hedge funds - they're private equity firms. Though perhaps these days the line is being blurred, they're still not the quite the same thing. Though FIG does have a few hedge funds, I believe most of their profit is driven by their private equity investments.
Now is an interesting (and risky) time to be investing in private equity, especially given these firms' reliance on leverage, and the state of the credit markets.
Och-Ziff on the other hand is primarily a hedge fund, though they also engage in some private equity related transactions.
For those just following along with the thread -
Private Equity firms usually focus on buying up entire companies (often taking public ones private), and optimizing their operations, changing management, etc - then re-IPOing them or selling them to generate a return for the firm.
Hedge funds are typically more focused on trading various (and often complex) securities on the open markets (contrary to private equity, which is just that - private).
Private Equity firms usually rely on the expertise of their investment team, while hedge funds tend to (often) rely on complex mathematical models to predict and take advantage of, movements in the market.
Originally posted by: JS80
Originally posted by: CaptainKahuna
Originally posted by: JS80
Any word on the street of a distressed debt ETF? Otherwise I might just pick up BX, FIG, OZM, or other listed hedge funds.
You may want to clarify your understanding of Wall Street before you go investing in those stocks. Blackstone (BX) and Fortress Investment Group (FIG) are not hedge funds - they're private equity firms. Though perhaps these days the line is being blurred, they're still not the quite the same thing. Though FIG does have a few hedge funds, I believe most of their profit is driven by their private equity investments.
Now is an interesting (and risky) time to be investing in private equity, especially given these firms' reliance on leverage, and the state of the credit markets.
Och-Ziff on the other hand is primarily a hedge fund, though they also engage in some private equity related transactions.
For those just following along with the thread -
Private Equity firms usually focus on buying up entire companies (often taking public ones private), and optimizing their operations, changing management, etc - then re-IPOing them or selling them to generate a return for the firm.
Hedge funds are typically more focused on trading various (and often complex) securities on the open markets (contrary to private equity, which is just that - private).
Private Equity firms usually rely on the expertise of their investment team, while hedge funds tend to (often) rely on complex mathematical models to predict and take advantage of, movements in the market.
lol...
Originally posted by: oldsmoboat
Originally posted by: pontifex
Originally posted by: moshquerade
Originally posted by: moshquerade
i wonder how long before olds gets vacationed. i'm not gunning for it.
but olds, crossposting is a no-no. i found that out first hand.
That was then this is now.
Anandtech Senior Moderator
Red Dawn
to set the record straight, crossposting is ok now?
i don't wtf we can post or not any more...the rules seem to go on a per person basis.
In all fairness, you have issues understanding a lot of things that go on here.
Originally posted by: Beev
Originally posted by: oldsmoboat
Originally posted by: pontifex
Originally posted by: moshquerade
Originally posted by: moshquerade
i wonder how long before olds gets vacationed. i'm not gunning for it.
but olds, crossposting is a no-no. i found that out first hand.
That was then this is now.
Anandtech Senior Moderator
Red Dawn
to set the record straight, crossposting is ok now?
i don't wtf we can post or not any more...the rules seem to go on a per person basis.
In all fairness, you have issues understanding a lot of things that go on here.
In all fairness, the comment in Mosh's post is pure bias. Unless it applies to everyone.
yeh, it appears the interpretation of this rule has changed. and it's a good change. :thumbsup:Originally posted by: oldsmoboat
Originally posted by: Beev
Originally posted by: oldsmoboat
Originally posted by: pontifex
Originally posted by: moshquerade
Originally posted by: moshquerade
i wonder how long before olds gets vacationed. i'm not gunning for it.
but olds, crossposting is a no-no. i found that out first hand.
That was then this is now.
Anandtech Senior Moderator
Red Dawn
to set the record straight, crossposting is ok now?
i don't wtf we can post or not any more...the rules seem to go on a per person basis.
In all fairness, you have issues understanding a lot of things that go on here.
In all fairness, the comment in Mosh's post is pure bias. Unless it applies to everyone.
Cross posting = XYZ puts up an item for sale in the For Sale/Trade section. Then XYZ posts in OT saying "Go look and this thread and buy my item." That is cross posting. Linking to another forum is not cross posting if it isn't your thread or you don't have a vested interest in it.
There is no favoritism. I just had an insiders view of the new rules/enforcement.
Those of you whining about being banned in the past may be talking about before Derek came in and shook things up.