Once again, an equity head who does not understand that without the credit market functioning, there is no growth. And these stocks have rich double digit EBITDA valuations.
And fyi, the LIBOR thaw does not mean the credit crisis is over.
Just wait until we have the triple headed whammy of corporate defaults, rising unemployment, and continued hedge fund liquidations.
REITs: Is Now the Time to Buy? [View article]
And fyi, the LIBOR thaw does not mean the credit crisis is over.
Just wait until we have the triple headed whammy of corporate defaults, rising unemployment, and continued hedge fund liquidations.