Money comes off the side lines

Filed in archive Companies and Markets on May 4, 2005

Leon Cooperman:
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.