The hedge fund story continues to unravel. At a time when the market is soaring, big players have taken big hits. They are not ready to re-lever their accounts. Move BULL ahead.
Monday, May 23, 2005
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In the early 80's, Jack was nicknamed T-Bond because he used leverage to buy as many 14% T-Bonds as he could. By the mid 80's he bought all the stock he could and, by the late 80's, he and his wife Marilyn invested their profits into 25 beautiful resort condos at Myrtle Beach. The question for smart investors still remains: Stocks, Bonds or Real Estate?
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Over the next year, stock prices will
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