Home › Forums › Financial Markets/Economics › Another Financial Crisis?
- This topic has 36 replies, 12 voices, and was last updated 17 years, 2 months ago by
rockysan99.
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June 19, 2007 at 2:14 PM #9339June 19, 2007 at 3:22 PM #60530
JWM in SD
ParticipantI know you mean well Perry, but this kind of thing is strictly the realm of Calculated Risk and resident rock star Tanta.
June 19, 2007 at 3:22 PM #60564JWM in SD
ParticipantI know you mean well Perry, but this kind of thing is strictly the realm of Calculated Risk and resident rock star Tanta.
June 19, 2007 at 4:24 PM #60557SD Realtor
ParticipantWow… the real question is how could i have gotten into the hedge fund offered by Paulson and Co… Up 90% in a year is not to bad…
SD Realtor
June 19, 2007 at 4:24 PM #60590SD Realtor
ParticipantWow… the real question is how could i have gotten into the hedge fund offered by Paulson and Co… Up 90% in a year is not to bad…
SD Realtor
June 19, 2007 at 5:19 PM #60579Coronita
ParticipantWow… the real question is how could i have gotten into the hedge fund offered by Paulson and Co… Up 90% in a year is not to bad…
SD Realtor,
According to some of the relatives/friends that work in the hedge fund industry, several of these hedge funds aren't open to normal peoples like you and me. a lot of these hedge funds are excluded to folks that are really investors with at least tens and millions in assets. Partly, due to the risky nature of these investments.
If at all this article highlights, is the time and time repeat in american history. The rich are always a few steps ahead of everyone else, and the rich keep get richer at the expense of the poor. …I'm referring to situation in which effectively you have a wealth transfer going from the mortgage strapped people about to default to the rich who are holding on to these hedge funds take have derivative positions. Effectively, people are going to profit when these average joe's default in large numbers.
June 19, 2007 at 5:19 PM #60612Coronita
ParticipantWow… the real question is how could i have gotten into the hedge fund offered by Paulson and Co… Up 90% in a year is not to bad…
SD Realtor,
According to some of the relatives/friends that work in the hedge fund industry, several of these hedge funds aren't open to normal peoples like you and me. a lot of these hedge funds are excluded to folks that are really investors with at least tens and millions in assets. Partly, due to the risky nature of these investments.
If at all this article highlights, is the time and time repeat in american history. The rich are always a few steps ahead of everyone else, and the rich keep get richer at the expense of the poor. …I'm referring to situation in which effectively you have a wealth transfer going from the mortgage strapped people about to default to the rich who are holding on to these hedge funds take have derivative positions. Effectively, people are going to profit when these average joe's default in large numbers.
June 19, 2007 at 5:36 PM #60585SD Realtor
ParticipantYeah I know… in many private investments and such the accredited status of the investor is generally subject to amounts set by the SEC and is scrutinized. If it is found that investors do not meet the requirements set for accreditation there are liability issues involved…
Well understood and realized…
Yep the rich will profit off the average joe as you stated… note though… they are profiting off of average joe because average joe bit off more then he could chew…
SD Realtor
June 19, 2007 at 5:36 PM #60619SD Realtor
ParticipantYeah I know… in many private investments and such the accredited status of the investor is generally subject to amounts set by the SEC and is scrutinized. If it is found that investors do not meet the requirements set for accreditation there are liability issues involved…
Well understood and realized…
Yep the rich will profit off the average joe as you stated… note though… they are profiting off of average joe because average joe bit off more then he could chew…
SD Realtor
June 19, 2007 at 6:52 PM #60601rockysan99
ParticipantIf you want to play along with the hedge funds I recommend put options in AMBAK (ABK) or MBIA (MBI). I bought my Jan 09 100 puts in ABK recently when the stock was at $94. It has since dropped to $87 ish. Other stocks I recommend that will take hits from the housing crash are the cruise lines like RCL and CCL (discretionary income in the form of housing equity will dry up), Las Vegas Casinos (they’ll suffer greatly as Californians will have to cut back on trips to Vegas…Vegas has become very expensive in the last few years due to Californians paying the higher prices and minimum gambling limits…Las Vegas will be hurt by the housing crunch, gas and the Indian Casinos). See also Black and Decker (BKD) and Whirlpool (WHR), both near their highs and due to get whacked very soon.
The homebuilders and lender stocks are too obvious and have already been hit. Idiots will chase those now. You have to look beyond the obvious, and these are the ones.
Lastly, the automakers are getting clobbered but are too obvious. Look instead to their parts suppliers that have yet to decline. Get them while their hot and bet against them. They are going to drop and drop sharply.
Look beyond the obvious choices. The opportunity to make huge gains in put options exist on the above mentioned issuesJune 19, 2007 at 6:52 PM #60635rockysan99
ParticipantIf you want to play along with the hedge funds I recommend put options in AMBAK (ABK) or MBIA (MBI). I bought my Jan 09 100 puts in ABK recently when the stock was at $94. It has since dropped to $87 ish. Other stocks I recommend that will take hits from the housing crash are the cruise lines like RCL and CCL (discretionary income in the form of housing equity will dry up), Las Vegas Casinos (they’ll suffer greatly as Californians will have to cut back on trips to Vegas…Vegas has become very expensive in the last few years due to Californians paying the higher prices and minimum gambling limits…Las Vegas will be hurt by the housing crunch, gas and the Indian Casinos). See also Black and Decker (BKD) and Whirlpool (WHR), both near their highs and due to get whacked very soon.
The homebuilders and lender stocks are too obvious and have already been hit. Idiots will chase those now. You have to look beyond the obvious, and these are the ones.
Lastly, the automakers are getting clobbered but are too obvious. Look instead to their parts suppliers that have yet to decline. Get them while their hot and bet against them. They are going to drop and drop sharply.
Look beyond the obvious choices. The opportunity to make huge gains in put options exist on the above mentioned issuesJune 19, 2007 at 7:01 PM #60605rockysan99
ParticipantAMBAC
Ambac Financial Group, Inc., through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. It operates in two segments: Financial Guarantee and Financial Services. The Financial Guarantee segment offers financial guarantee insurance and other credit enhancement products, such as credit derivatives for public finance and structured finance obligations. It also provides financial guarantees for bond issues and other forms of debt financing. This segment sells its products in the U.S. public finance market, the U.S. structured finance and asset-backed market, and the international finance market.
June 19, 2007 at 7:01 PM #60639rockysan99
ParticipantAMBAC
Ambac Financial Group, Inc., through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. It operates in two segments: Financial Guarantee and Financial Services. The Financial Guarantee segment offers financial guarantee insurance and other credit enhancement products, such as credit derivatives for public finance and structured finance obligations. It also provides financial guarantees for bond issues and other forms of debt financing. This segment sells its products in the U.S. public finance market, the U.S. structured finance and asset-backed market, and the international finance market.
June 19, 2007 at 7:16 PM #60641HereWeGo
ParticipantInteresting ideas, rocky.
I know you don’t like buying puts on lenders, but what about CFC? What about BSC for that matter?
Where does all the mortgage fraud money wind up? The loss of the big financial houses is ultimately some little guy’s gain, right?
June 19, 2007 at 7:16 PM #60607HereWeGo
ParticipantInteresting ideas, rocky.
I know you don’t like buying puts on lenders, but what about CFC? What about BSC for that matter?
Where does all the mortgage fraud money wind up? The loss of the big financial houses is ultimately some little guy’s gain, right?
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