Certain seals-of-approval have vastly diminished in the last 36 months. Rumsfeld’s Iraq suggestions: low approval. Fannie Mae policy papers: low approval. Dick Fuld’s Feng Shui guide: low approval.
Others, however, have grown rather substantially in the public eye. Your mother’s paranoia about debt: high approval. Your father’s advice to become a doctor and ignore that banking thing: high approval. William Ackman’s advice on anything: high approval.
So when Ackman gives the Fed Reserve a gold star, well, you just want to smile at Beard after weeks of cat-calling him. Don’t you?
What I like is I think stocks are cheap and I think the Federal Reserve has taken some very important steps that will improve liquidity–the banking system–and that in turn will help the economy,” Ackman said on CNBC. “I think the most significant thing the Fed has done is committed to putting $250 billion in the banking system. I think they’re doing it the smart way.
EIN!
….I’m so glad he approves.
Bartening (sic) school is still more reputable than Stern
He who has the gold. Agree with him.
Yeah, Ackman’s really doing great with that Target invesment. And the one in Sears. And the one in Borders. And the one in….you get the point.
Is this guy for real? He ought to sell his Target stock if he is not happy with the direction of the company, they did pretty well for years without him and his ideas.
6,
He has ~10%(?). I think that’s reason enough to offer suggestions.
@7 His FUND has ~10% (@ much higher prices). Lick your wounds and move on… I’m not sure the REIT idea is good long term.