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Hedge Fund Portfolio Tracking: D.E. Shaw & Co (David E. Shaw), Q3 2008

Tracking DE Shaw is interesting. Summers has connection to Shaw.

Summers was Geithner's mentor.

Isn't Crony Capitalism great?

REITs: Is Now the Time to Buy?

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.

Stocks in REITs Climb High Despite Broader Real Estate Worries

Let's see how they will be able to continue growing earnings with tighter credit and a slowing economy.

And I hate to break it to you Chris but the economy runs on credit. There is a lag effect on growth. It will be come more apparent over time and the historically low P/E ratio uber bulls point to will look lower since the cost of capital will be higher and the growth rate lower, if not negative.

In the short term, cheer on the Paulson Plan and get giddy. We rallly and then will wake up with a hang over.

Again.