THROWING GOOD MONEY AFTER BAD . Let’s think back some so as not to lose perspective. Where to start? Yep, right at the top of the five year bull market and the top of the private equity boom. June 21 st , 2007: CHINA backed Blackstone Group’s IPO at $31 back with $3 billion last June. Yesterday BX closed...
UPDATE ON THE STOCK MARKET . The bulls are now on CNBC saying it’s too late to sell. I beg to differ since I can’t figure out why it’s too late to sell. Maybe because some portfolios are already down big, -15% or more. But that still doesn’t mean they can’t drop much more. Just think back to the dot...
VISA Wants to do the Largest US IPO of all time ? Right now? Well, I guess if the fees are juicy enough Visa will pull it off as there is little other business around for investment banks to work on. But still, with consumers cutting back use of their credit cards after maxing out what they could and...