Paulson - what do you make of this?

sex and the city 2 is coming out soon, of course im bullish.

Frankly, I don't think you can ignore his views. I'm not saying smart people can't make mistakes or be *off*, but he has a damn good track record, e.g., bought into Citi bigtime when everyone was bashing it and look what happened this week.

..but wasn't a strengthening economy going to lead to rising interest rates and lower RE prices?

Spin you really trust paulson?

I don't trust anyone but I do find the quote topical given broad based acceptance on here that rising rates will pull prices lower.

No one should trust what Paulson SAYS, but look at his fund's holdings. Its true he could be wanting to sell soon so is pumping the market but unless he sells off his HUGE positions in Citi/Bofa - then maybe he is putting his $ where his mouth is. We shall see.

I generally believe that people are doing exactly the opposite of what they say they're doing.

so you bought Steve?

i dont really get where you're going with paulson's large holdings? if he is taking any sort of bet on the housing market or interest rates, he's surely not doing it anywhere near the equity market

stevejhx "I generally believe that people are doing exactly the opposite of what they say they're
doing."

technologic "Its true he could be wanting to sell soon so is pumping the market but unless he sells off his HUGE positions in Citi/Bofa"

Right, of course! given the massive scrutiny this guy is receiving I'm sure he is going to risk his 30 billion dollar hedge fund and genius reputation with a simple pump and dump scheme....Brilliant!!

I think you need to listen to him...

in the end, it doesnt really matter...he was one of numerous people who have made serious $ who made statements today. byron wein was out talking this morning too. longer/better track record, more experience, and better educated. lets go ahead and fall all over his words too

By what metric does Byron Wein have a better track record than John Paulson??

by every metric in the book...paulson was a noboby until he made $3bl