User 236661

Did Buffett Kill the (First) Wells Fargo-Wachovia Deal?

Another misinformed article on this site. I've just come off leaving my remarks on the guys who lambasted hedge funds and now this crap here.

That's it i'm leaving. Seeking Alpha has lost credibility for me

What the Hedge Funds' Bad September Could Mean for Markets

This is an ignorant rant on a site that I respect, and am surprised it was posted. Free speech I guess. I can understand the mob mentality unleashed now that markets are bleeding (yipee for those of us 100% in cash with ready ammo to redeploy). When some church leader in England called hedge funds (or was it short sellers) bank robbers who were responsible for the collapse of all those mighty banks, you know the messenger is about to be lynched.

Anyway, I digress. The term hedge funds is a misnomer. These are trading vehicles, with different strategies. It doesn't mean that when markets are down these vehicles will all be in profit. Some will fare better than others and some blow up - but on the whole I think you will find investors in these vehicles will have performed relatively better than those invested in long only mutual funds.

I sense sour grapes in you tone.... <wink>

Forget $100 a Barrel - Oil Will Plummet to $30

Buddy I donno what you've been smoking (or injecting for that matter), but what I do know is that if I come across another asinine commentary like this on this site that's will be the last time I come here.

Bill Miller on This Tough Market

Financials are not cheap, and just because they are down in some case over 50% from their peaks, the market is right in bashing these stocks. Their fundamentals are still very poor and deteriorating. We are probably just half way (at best) through the credit write-downs, and once the books are cleansed they will still have the arduous task of rebuilding their businesses within an economy crippled from a severe credit contraction. Think about it these banks are levered to the tune of 10:1 to 15:1, and are probably under capitalised to the tune of several hundred billion. Now extrapolate that to the credit that is / will be sucked out of the economy - and boy it's going to take a while to reflate those valuations - and your hopes.

The cheap, tend to get much cheaper in the final run. You just wait and see.