tag:blogger.com,1999:blog-6321089372587128676.post1228303436732529094..comments2023-10-17T10:01:00.917-04:00Comments on Distressed Debt Investing: Great Quotes from Elliott's Most Recent Letter and Some Thoughts on the MarketUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6321089372587128676.post-53851938409370468532012-09-01T03:22:51.440-04:002012-09-01T03:22:51.440-04:00Also a big fan of the blog, just thought I would a...Also a big fan of the blog, just thought I would add the following: <br /><br />When you say "I wish there was a way to measure this but I generally believe that the market will hurt the most investors at any one time." I think you are referring to a bubble! A Ponzi-financing scheme (as Minsky put it) where all potential participants are introduced into a market, driving the price up, until there are no new entrants, the price flatlines, and the participants short!Alexnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-6258423160835245322012-08-28T11:16:25.260-04:002012-08-28T11:16:25.260-04:00Huge fan of your blog - so I was startled by your ...Huge fan of your blog - so I was startled by your assessment around gov't bonds.<br /><br />When you say "It is the contrarian in me" when you speak of "Fixed income investors in long term government bonds have so many structural issues to contend with that pain is on the horizon", I just fail to see how any of that is contrarian.<br /><br />First of all, what are the "so many structural issues"? It seems to me that gov't bonds might be a great asset to own during a prolonged debt deleveraging period. Secondly, it seems everyone you read already hates gov't bonds (except for Hendry and Hoisington). Thus, the true contrarian play here seems to me to be the notion that 10-yr yields could approach 1%.Paciolinoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-3525596802428970472012-08-28T09:06:26.774-04:002012-08-28T09:06:26.774-04:00Singer's letters are a good read. Unfortunate...Singer's letters are a good read. Unfortunately, his political views and macro trades are getting in the way of what Elliott does best.Anonymousnoreply@blogger.com