Obviously the pro tarder is giving you daily "toppers" and it's clouding your already bad judgement!
Stevie and BX saddled with old real estate (STU Town) that will decline in value in face of rising rates. Bad move and poor timing.
Professional traders YES!-- we are heading for the Hamptons. Amatuer traders (YOU) NO!--you will be checking in at the Hampton Inn (Podunk Iowa location) Ps. (The Hampton Inn is a Hilton property, and....... Hilton IS owned by... BX) How appropriate.
It would seem then, that the amateur traders that put on their shorts and hedged last week were too early. The pros never send the amateurs the memo. How about that ...
My opinion is that the pro traders are setting up the market for the holiday weekend.
Thursday and Friday, the rookies will be at the trading desks with light volume.
The REAL action will be next Tuesday when the pros come back.
GLTU - I'm packing today for the Hamptons for the weekend ~
Shares in Blackstone Mortgage Trust Inc.(BXMT), the New York headquartered real estate finance Company, ended the day 0.40% higher at $27.55 and with a total volume of 295,119 shares traded. The stock has gained 3.42% in the last one month, 16.14% in the previous three months, and 5.37% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 1.85% and 5.30%, respectively. Furthermore, Blackstone Mortgage Trust's(BXMT) stock has an RSI of 50.04. Technical alert on BXMT is available for free at:
Yeah, I love how this is the most recent BX headline today...TODAY, in the middle of the biggest two day rally in months for the stock. Just proves...it's all a rigged, crooked game.
I don't think Fishy = The Master of DECEPTION ... but who knows?
I don't think b_d_l = The FUDster. ... But who knows???
another day down the drain ... up just 57 cents so far today!
SDA to delay CDS settlement auctions until after bond matures
GSO won’t have to pay out on short-term credit-default swaps
Share on Facebook
Share on Twitter
Blackstone Group LP’s GSO Capital Partners is set to score a victory in a drawn-out battle over derivatives linked to a distressed Norwegian paper maker.
Bond auctions to determine the cost of settling as much as $9 billion of credit-default swaps on Norske Skogindustrier ASA will be delayed until after some of the company’s notes mature next month, according to the International Swaps & Derivatives Association. If Norske Skog repays the obligations, GSO won’t have to compensate buyers of short-dated insurance because there won’t be any eligible securities for an auction.
Swaps contracts are being settled after Norske Skog adopted GSO’s plan to force all holders of its bonds due June 2017 to exchange their notes for longer-dated securities with lower principal and interest payments. GSO had been competing since September with another group of bondholders over restructuring plans that would determine the timing of payouts on credit-default swaps.
Blackstone (BX) is valued at 11x on a one-year forward earnings basis. It’s at a premium compared to Carlyle Group’s (CG) 9.6x, KKR’s (KKR) 11.1x, and Apollo Global Management’s (APO) 10.5x.
Blackstone commands a premium on diversification and relative outperformance. The company focuses on the performance of its portfolio companies. Constant innovative offerings to its network of limited partners could be important factors in the company’s future performance.
Blackstone’s diversification through offerings such as hedge funds, credit, and advisory services could decrease its investors’ general risk perception. Debt markets should generate returns of 4%–5%. If the equity’s attractiveness rises, the overall perception of alternative asset managers should also rise, especially for bigger players that are part of the iShares Dow Jones US Financial ETF (IYF).
Blackstone saw the bottom in terms of value for its portfolio holdings. The company could benefit from record dry powder (uninvested commitments), improvement in European equity and debt markets, and domestic equity markets.
Carlyle is deploying record capital in order to take advantage of low valuations. The company deployed ~$8 billion of capital in the past six months and ~$11 billion in the past 12 months.
KKR saw positive performance fees, a fall in carried interest, and lower investment income in 1Q16. The company is buying back its own stock to take advantage of its lower valuations.
Apollo Global Management’s stock prices have improved on share buybacks and record deployment amid lower valuations. The company expects improved operating performance starting in 2Q16. However, the asset classes remain weak for alternative asset managers. Chances of replicating the performance in 1Q15 are low for most of the players. Slowing credit, exhausting equity valuations, and weak commodity prices will continue to take a toll on the earnings of alternatives.
In the final part of our series, we’ll see why alternatives aren’t expected to have premium returns.
No need for board police, your 12 aliases are So bad at lying it not hard for everyone to follow.
Perhaps that's why you spend half the day telling lies and the other half deleting lies you post....
There is a difference ... he bought $25,000 in puts ... a much bigger investment than I made. He bought SPY puts (more volatile) ... I bought a 3Xbear fund.
His trade is riskier because of the $amount, and the volatility ...
I can "afford" to be early. Got it?
"early"??? yes maybe, but ... you started shorting/hedging the market about a week earlier
If you can hold those S&P puts, do so. You are "early" on your trade.
The market will break hard, soon. It's been trading under the 20SMA since the end of April ...