Stuff I’m Reading this Morning… Whistleblower Harry Markopolos says Credit Default Swap fraud will top the Madoff ponzi. (Clusterstock) Warren Buffett‘s latest op-ed just went up, it’s called The Greenback Effect. (NYT) Don’t look up, private equity firms are about to drop some REIT IPO’s on us. Sold to you. (DealBook) Chinese pig farmers speculating…
REITs
Fed Leaves Rates Unch, Kass Sees Possibility of Much Higher Rates in the Statement
OK, so my excitement for today’s FOMC meeting notwithstanding, today’s statement, on it’s surface, didn’t appear to contain anything new. That said, TheStreet.com’s Doug Kass, my fave market commentator, has come away with a different perspective on what may have been said between the lines. 8/12/2009 2:48 PM EDT From my perch, the Fed report suggests…
Market Recap: In The Ayer
[youtube=http://www.youtube.com/watch?v=0fEI2ZHUs6o] The Reformed Broker, AKA Armand Hammer, here with today’s Market Recap… So North Korea tests a nuclear bomb and long range missile and the Case Shiller housing numbers, while backward-looking, are still apocalyptic. How does the market react? EXPLOSION! The Dow was up around 150 to 200 points all day, without any real…
Market Recap: Mega Shark vs Giant Octopus
[youtube=http://www.youtube.com/watch?v=Fa7ck5mcd1o] The Reformed Broker, AKA Cowboy Curtis, here with today’s Market Recap… The futures were ugly, and boy was the market in for it. Banks, REITs, insurance companies…you name it, they were red. Techs took the Nazz down over 40 points as well. Get a load of the Advance/Decline numbers at the 3 o’clock look…wall-to-wall…
Market Recap: Hotel, Motel, Holiday Inn…
[youtube=http://www.youtube.com/watch?v=-PKhMe3e0uU] The Reformed Broker, AKA Derick Sermon, here with today’s Market Recap… They loved everything about Apple (AAPL) today, and the stock was up over 3 bucks from the open. iPhones and China are like peanut butter and chocolate, a can’t-miss combo. Anything hotel or lodging-related was also on fire, with the Hotel/Motel REIT sector rallying over 12%…
These Little Piggies Went to Market
Apparently, there is an explosion in new equity offerings and even new debt offerings coming from the REIT sector. The Real Estate Investment Trusts are raising cash from investors while they can, and high-profile deals have already gotten done by Simon Properties (SPG) and Kimco (KIM). From FT: There is an appetite from institutional investors…
