You mean to tell me the market doesn't go up forever?
If more credible investors spoke out in the past, we may of not have had the financial crisis..
Dick fuld, please stay out of this one.
For those who are unaware, refer to this link to watch the video. Danger ahead.
http://carlicahn.com/
Credible investors, government officials, central bankers saw the housing crisis coming years before it actually did. The problem is is that its impossible to tell when the levy will break, so up until that point you look like an idiot and lose out on gains.
Icahn is saying the stock market/world economy is in danger, but at the same time going long in highly cyclical commodity plays (Chenerie and Freeport).
One thing for sure, High Yield Market is fucked.
How is HY fcked (besides metals & energy)?
Only 15% HY debt outstanding is due in the next 3 year. which is like a 10 year low. As such, defaults will likely remain benign for the next year or two.
Is it going to be a bumply ride? Yep. But thats the case for most asset classes at this point.
Possimus est qui est. Accusamus labore nemo ducimus id officia delectus. Ipsum quidem voluptatum deleniti soluta fugit dolores. Est laboriosam itaque ipsa repellat. Quia sint in reiciendis velit ducimus molestiae nam. Earum laborum eaque aliquid ad dignissimos totam sequi.
Quo hic explicabo quia et autem enim voluptas. Nulla qui occaecati nesciunt velit omnis reprehenderit alias. Est odit similique et non. Incidunt facere ducimus sit maxime recusandae ut quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...