"History is a wonderful thing, if only it was true"

Saturday, March 17, 2007

Possible top?

A Titan of Private Equity May Go Public - New York Times

When those who have made their bucks turn around and sell to the street ... maybe a sign of a top in the market.

Note that they are not selling the portfolio, but a piece of the management company.

But, with some signs of tightening in the credit markets (Japan's central bank nudging rates up, China bumps rates, and sub-prime mortgage turmoil) it may be a time for caution

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