Wednesday, September 19, 2007

What's Flying? Coach (COH) and Fortress Investment Group (FIG)

Posted by TraderMark at 10:31 AM TweetThis
What has the Fed decision brought back in play? Upper middle class potentially distressed consumers - see Coach (COH) up 6%+ today, and 9% since Fed and quasi hedge fund/private equity firms - see Fortress Investment Group (FIG) up 11%+ today and 14% since Fed. Blackstone Group (BX) is also 9% since Fed. Thousands of cheers must of went out across NYC yesterday as huge Christmas bonuses were back on track....

Now if we can only get that legislation shot down that wants to tax private equity like a normal corporation, we can truly make sure no billionaire got hurt in this pullback.... "No Billionaire Left Behind".

No positions

Posted by TraderMark at 10:31 AM

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