John Paulson's Hedge Fund Position Updates [View article]
He won't be fine long term. JPM would prey on Citibank like a vulture on a carcass if conditions are right. The Fed isn't talking about dismantling the biggest banks for nothing. If the economy sinks more, which I believe the Fed knows will happen, these banks will be zombie like for years. And maybe worse. There are a lot better stocks to invest in,IMO.
On Nov 15 10:51 AM bobbybutte wrote:
> why would paulson short it? > > He knows the government has sucha large stake that he feels it will > be fine long term
People better take note of lack of end demand. Even Maria Bartiromo, a Wall Street insider has her doubts about end consumer demand. In the world, the engine of real growth is the US consumer. Once he is cautious, where will the growth come from?
John Paulson's Hedge Fund Position Updates [View article]
On Nov 15 10:51 AM bobbybutte wrote:
> why would paulson short it?
>
> He knows the government has sucha large stake that he feels it will
> be fine long term
Equities Update: Last-Hour Reversal [View article]