Jul 02

The “Smartest Money” Is Liquidating Stocks At A Record Pace: “Selling Everything That’s Not Bolted Down” (ZeroHedge, July 2, 2015):

Buyout firms conducted 97 stock offerings in the second quarter, more than in any other three-month period. “It’s clear that we are currently in an environment of frothy valuations,” said Lise Buyer, founder of IPO advisory firm Class V Group. Her disturbing punchline: The insiders – those with the most knowledge – are finding this a very good time to take some money off the table. In an echo of Leon Black, Frank Maturo, vice chairman of equity capital markets at UBS AG, said, Private equity is selling everything that’s not bolted down.”

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One Response to “The “Smartest Money” Is Liquidating Stocks At A Record Pace: “Selling Everything That’s Not Bolted Down””

  1. Marilyn Gjerdrum Says:

    There are also a record number of Margin calls going on right now according to Bloomberg, and the people are Not responding to them…..letting the securities go.

    This tells me folks are running out of cash, and letting stocks go in order to meet their mortgage payments & living expenses……..

    There is an economic implosion occurring, and Greece is only one piece of it. There is far more debt than cash to cover it.

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