Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 49.65

+3.9%

Dec 10 4:00 PM EST

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To: Turbodiesel who wrote (34914)	11/1/2008 6:47:40 AM
From: robert b furman	Read Replies (1) of 207300

If private equity is the next shoe to drop,then private equity will eat itself. I know some private equity people. They generally have 4-5 year time frames. The levered debt is at the final word put at the banks -they've been propped up by Paulson - perhaps why some banks didn't need/want the 250 billion put out there? Either way - the banks have been fortified. If one private equity goes down - the next private equity will be glad to steal the bones. These guys spend their lives looking for those kinds of deals. Private equity has a track record of making poor businesses(bled by rich families) into strong businesses (made to run lean). A well run private equity hedge fund -is better prepared for a recession than the originally poorly run entity. I'm not worried about this second shoe to drop. JMHO Bob Dougy and Muriel have both been very right for quite some time now.Greed is bubbling in their blood now. They both should grab thrie money and take a vacation. Now they stay too long and crave being bearishly right one more time. They should chill and walk away winners. HOGS GET SLAUGHTERED !!!

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