NEWS FROM THE FRONT.
New York is full of financial presentations; you just have to listen to Bloomberg radio’s weekend interview with active investor Mario Gabelli. Mario stated that he is going from presentation to presentation, two and three per day. That merger mania is running full steam, and new offerings abound. All clear signs of an economic recovery.
This weekend I was at a party…more
With lost of people in the business. One fellow that works for one of the large credit card companies stated that they see the economy turning to the upside, and are making bets to that effect.
Other attendees by industry said:
Attorney, one of the largest US firms stated, we are helping real estate firms raise money for acquisitions.
Investor, private money; I am raising money for several private real estate hedge funds
Ex-large financial executive, now hedge fund, we like volatility, but we think overall direction Up.
Attorney, large global law firm, patent area, we are filling provisional patent applications, right and left. He cited biotech as area of expertise
Hedge funder, the China story is spectacular, just return from China, my lower Jaw dropped, we are also very positive in financial sector here in the USA.
In summary, my opinion of the anecdotal data gathered, was:
American firms are raising money, for what I feel is large capitalization projects and real estate acquisitions.
Stories such as this one are being received by many players in the business. I think that many of you should post your own experiences, which I am sure will be similar to this posting.
The questions is, can a group of speculators, succeed in depressing a market on the up swing. And if they do, for how long or for how much?
I think many people are already starting to see clearly through the fog.
Will these speculators end up being toast, fried potatoes, or another road kill?
These coming days may show the way.
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