southbeach

Betting on the Big Banks

agree completely with your sentiments. it's a white knuckle ride in the big financials though, and the 'we changed the rules again' factor hardly helps. we're talking opportunist trades rather than line by line fundamentals analysis. I can't believe we won't crater again though given the rotten assets tucked out of sight - resi and commercial real estate need time to bottom and then stabilize. the relaxing of accounting rules and taxpayer intervention just slows this process. Still, i don't agree with those famous 'let em fail' guys either - too much 'innocent bystander' damage despite the costs of the bailout.

What Are Some of the Best Hedge Fund Managers Doing?

very interesting. thanks for the reporting and insights.