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Companies and Markets
by murry on May 4, 2005
hedge fund Omega Advisers Long 12 million MCI.
Blackstone Group LP , Thomas H. Lee Partners LP ,Kohlberg Kravis Roberts & Co. and Bain Capital was out bid by Warburg and Texas Pacific for a retail chain, which includes 35 Neiman Marcus stores.
Kirk Kerkorian's Tracinda Corp offered for a nearly 5% stake in general motors Corp, to add to his 4%. Bring him to 9%.
This is a sign that money is jumping off the side lines and into the market...
My work shows 9600 on the Dow 30 , as the bottom of the range. With the testing of 10,000 area 3 weeks back ..Money is looking for work and the game has become LBO.
Oil is in its 2nd week as a sell ..a top looks more and more like its happened:
The Dollar is in aWeekly buy..Gold also is in a Weekly buy..that's rare.We are watching which goes back to norm.
Permalink: Money comes off the side lines
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