Bob, not a hit piece on ARCC. Simply pointing out what occurs many times when deals happen. Keep in mind though that when operating within a sector I've seen where even good companies have to run afoul of the rules to keep up with others in the sector who are cheating and lying to gain advantage. There are no 'Polly Anna's' when it comes to big business.
Mark, absolutely right. Also, buying up another company also allows the buyer to 'hide' underlying financial problems within the company. Shuffling debts and other negatives between entities.
One other thing-----take a look at a chart of he VXX in comparison with the XIV. Note the cross over points in a two year chart. You must conclude as the history points out that these two are ready to make another crossing.
IMO we're in for a 'head fake' up move next week. I say head fake because I've seen this so many times before. So I say, enjoy next weeks up cycle and watch out after.
Mark, good post. So, I was also under the impression that when a person establishes a new credit card with a MasterCard or Visa that whatever the set credit limit is will be immediately become an 'asset' and the credit card company 'bank' can then use the entire/partial amount of credit on the card to borrow themselves. Is this correct?
That's what the Fed reminds me of. A really bad poker player sitting at a table losing enormous amounts of money. And, it keeps all the rest of the players sitting at the table looking to take advantage of her. Isn't that kind of what we've got going on in the markets?
Mark, thanks for your intake. BTW, I think AAPL is set up now as an excellent short. I'd say anywhere from a 20 to 35pt drop. Over the next 4 months.
on the savannah of Africa. Good place for the 'predators' to hang out. Not too welcoming for the rest.