Case-Shiller: Beware the Head Fake
There was some reason to take comfort about yesterday’s data from the Case-Shiller Index—the rate of price declines slowed for the third straight month nationally. But before you break out the champagne and check books, get a dose of what the Wall Street Journal had to say yesterday: The bloodletting may not be over. Here’s…
There was some reason to take comfort about yesterday’s data from the Case-Shiller Index—the rate of price declines slowed for the third straight month nationally. But before you break out the champagne and check books, get a dose of what the Wall Street Journal had to say yesterday:
The bloodletting may not be over. Here’s why: If price declines accelerate for the mid-to-upper end of the housing market, then that could generate enough large declines in values—even among a small segment of the overall housing market—to push the index lower still.
Meanwhile, here in New York (where there’s plenty of “mid-to-upper” properties) housing prices ticked down another 1.6 percent in April for a total of 21 percent off the June 2008 high, as the chart above shows.
joe…the next one is for sometime in October but I bet we’ll do an impromtu bar night before then. Biff manages all of these things.
Check this out people (Pay attention). Whuh made a point that real HF Managers don’t brag about what they have because it’s “Ghetto”. Whuh smacked it out of the park. I personally don’t have anything to prove because ya’ll can suck my balls! Day Trader had something to prove and in my book that’s a SUCKER!
Today was one of the best days ever on Brownstoner!
The What
Someday this war is gonna end…
bridges…there are big problems with muni bonds all over the country. A lot of old folks survive on those interest payments.
“See me in a 119 days and lets have the same discussion.”
It’s a deal, bro. Maybe another Stoner meeting.
Don’t worry people, the What also can’t believe people in this city are getting laid when he’s home alone at night.
We have one onshore HF, one offshore HF and 12 individual client accounts where many of the clients are non-US. We outsource our trading and all backoffice functions. We get tech support from our prime broker. There are three of us who come up with the ideas and one support person.
The fees are as follows 1.5% management fee on assets per year and we keep 20% of the upside that the portfolios gain. We were down 14% last year and we have to get back up to that “high water mark” this year before we start earning any of that 20%. We reached that point in early June. We were up 14.4% at the end of May.
When you think about it, even with only $100MM in assets, it’s a really great business model!!!!
“Actually a friend of mine works for a private hedge fund and she is one of 3 people there (1 hedge fund manager and 2 analysts). They manage well over a billion dollars for some very rich family and a couple of their friends (all old money).”
RRRRRRRRRRRRRRRIIIIIIIIIIIIIGGGGGGGGHHHHHHHHHHHHHTTTTTTTTTTT!!!!!!!!!!!!!
The What
Someday this war is gonna end..
Denton the crack had ran out! See me in a 119 days and lets have the same discussion. Do you know Goldman Sachs account for 47% of daily trading volume now??? Trading volume is very low right now because all of the Specuvestors are nursing sore asses!
The Government and The Fed is printing money to prop this crap up! It has nothing to do with FUNDAMENTALS!!!!!!!!!!!!
UNEMPLOYMENT, CONSUMER SPENDING and HOME PRICES are DEAD!
The What
Someday this war is gonna end…
Actually a friend of mine works for a private hedge fund and she is one of 3 people there (1 hedge fund manager and 2 analysts). They manage well over a billion dollars for some very rich family and a couple of their friends (all old money).