I thought you've mentioned several times on here that you were in San Diego? And driving down PCH? Or was that a joke too lol
Queens - Carl Icahn? John Paulsen? Both were born/raised in Queens. Neither are really traditional value guys, and I'd be shocked if either spent his time on a yahoo message board. You've mentioned XRX before, neither of these guys have a position in it.
Cliff Asness? he's a quant, not a value investor. AQR does have a position in XRX though.
You live in southern California as far as I know. There aren't really any famous value hedge funders down there. Only thing that comes remotely close is Canyon Partners in LA and Relational Investors in San Diego, neither of which are value. Everyone else is up in San Francisco (Farallon, ValueAct, SPO). I'm very intrigued now though, care to email me at my ID? Rest assured, I work in a very discreet place as well, so privacy would be a 2-way street.
And if you are some Bill Ackman/David Einhorn counterpart, why do you so much time on this board making 'guppy' posts? I honestly thought you were a retired investor who had nothing better to do lol.
what exactly is "actually" happening? If your only thesis is that momentum players will jump in or that global $$ will flow into US equities, that's a pretty #$%$ reason to invest alone. That's not value investing, that's speculating.
Unlike you king, i actually work for a very large (and famous) value-oriented hedge fund. Not everyone who disagrees with your macro view isn't a value investor.
You are a very public value guy - you should worship Seth Klarman (as should all value investors). Look at where his thoughts are on macro, and then come talk to me.
king, earnings growth has stalled and is actually heading the opposite direction now. Revenue growth stalled a while ago, but increase cost-cutting helped companies post profits, but that only lasts for so long.
I have been short UVXY via options for many months and find your posts humorous, but if you think the market will run up after taper/non-QE, you are smoking something. We will get a very nice correction.
The $3 trillion+ of QE has been estimated to have actually added some $20B (yes, thats billion!) in actual economic value (this actually came from the San Francisco Fed themselves). The rest of the stock market gains? Cheap debt fueling expansion and buybacks. The market will turn once all the biggest bears have capitulated and give into the bull market (many of which already have, but there are still some left). We are in a secular bear market, we just happen to be in a bull leg of it.
"leverage aspect doesn't apply to the roll"
Umm what are you talking about? That's exactly what it applies to and exactly why UVXY decays quicker than VXX.
Definitely good call. I did this back for the November options and got killed unfortunately. What next? short VXX/UVXY via puts?