John Paulson – Paulson & Co.

Paulson Calling For A Greek Default

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According to Paulson & Co., a hard default by Greece could spell economic disaster of unprecedented proportion along with the breakup of the Euro.  In his 2011 recap letter to clients, he estimates $117 billion will be needed to recapitalize banks and satisfy other monetary needs. Paulson & Co.: “We believe a Greek payment default could be a greater shock to the system than Lehman’s failure, immediately causing global economies to contract and markets to decline,” the hedge fund said in the letter, a copy of which was obtained by Bloomberg News. The euro is “structurally flawed and will likely eventually … Read more

” To Consider – Seeking Alpha

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7 ‘Diamonds In The Rough’ To Consider A few ideas to mull over during your snowless weekend..  If only you could short squeeze La Nina out of the picture.     Contrarian investors, like David Dreman, tend to focus on stocks that are against the crowd. These are the stocks that a lot of people are not buying, the underdogs. But, investing is not a popularity contest. Sometimes, just the momentum of trading (or lack thereof) can push a stock’s price lower, leaving more upside for the “contrarian” investor. Here is a list of 7 “diamonds in the rough” to … Read more