search elliott

  • Google

Enter your email address:

Delivered by FeedBurner


  • Where From?
    free counters
Related Posts with Thumbnails

« Japan's QE is Exporting Deflation | Main | Sitting on an Inflation Powderkeg »

Monday, May 27, 2013


Feed You can follow this conversation by subscribing to the comment feed for this post.

Walter Wolf

Any good news to share?

The whole world isnt doom and gloom you know. There is some positive news out there you could comment on at least once in awhile (to balance out the imminent doom news).


Walter, the good news is that we may be about to go into another US tech boom. There really is no place in the world to get yield, and the Global Scramble For Yield will soon look at tech IPOs as a new game. I will write about that as it happens. RIght now we have the risk of Japan driving UST up, USD up, and soon US stocks down. Could be a rough summer.



Thank you for your market postings. I enjoy reading them. I hope the frequency increases like it used to be before. :-)


Hi Walter

Could you kindly share what positive news you are talking about? I am not trying to pick a fight here, just pointing out that with the mainstream media with its blinkers on, such positive news may already be completely discounted by the market, and therefore, be totally irrelevant.



cobran, kind of you to say. I am in the VC biz, and it is 1997 all over again - not yet the crazy period, but definitely the third big tech boom after microprocessors/PCs (78-83) and dot-coms (94-00). in other words, busy busy. I continue to watch the macro environment - most VCs don't, other then to watch IPOs - and the scramble for yield seems destined to send capital into tech. Last year's IPOs (Facebook, LinkedIn) were so last decade so to speak - they started in the early 00s. This year's IPOs, such as Tableau, are of more recent vintage. So far they are doing well on IPO day and in the after market. A lot of tech companies with serious revenues ($100M and up) are lining up to go out; and some even have losses, shades of 1998. If they do well, the floodgates should open in 2014 even if - and maybe especially if - the macro environment sucks wind. So we get beta in tech. The VCs like me search for alpha. The combo should deliver outsized returns - the better of the new breed of funds are doing 30%+ IRRs.



I think one good piece of news is that the QE programs helped numerous leveraged companies and others with poor business models. For example, Tesla Motors stock price allowed it to repay the Treasury back. This helps the taxpayers.

BTW, welcome back Duncan. It is nice to see your posts every so often.


Thank you for your blog post.Thanks Again. Really Cool.

The comments to this entry are closed.