{"id":6266,"date":"2007-07-03T00:00:00","date_gmt":"2007-07-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-could-be-driving-market-rally","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2007\/hedge-funds-could-be-driving-market-rally.html","title":{"rendered":"Hedge Funds Could Be Driving Market Rally"},"content":{"rendered":"<p>CNBC- Jack Ablin, chief investment officer at Harris Private Bank, told CNBC\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201c<a href=\"..\/id\/15838342\/site\/14081545\/?site=14081545\">Power Lunch<\/a>\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d that hedge funds may be driving today\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s marketrally.<\/p>\n<p class=\"textBodyBlack\">  \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2re getting new money at quarter end, we\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2re seeing a lot of speculative issues leading the way, particularly small-cap, and at the same time, short interest in large cap is moving higher,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Ablin  said Monday. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cSo, it could be a lot of hedge funds in today.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/p>\n<p class=\"textBodyBlack\">  He said difficulties in the sub-prime mortgage sector are still unfolding, and many adjustable rate mortgages haven\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2t yet been re-pegged to a higher rate.<\/p>\n<p class=\"textBodyBlack\">  \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cYou certainly have to worry about it on the consumer side,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Ablin said. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cClearly, if people are failing to make payments on their homes, chances are they\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2ve already failed to make payments on  their cars, credit cards and other expenses. Then (comes) the (fallout) into the hedge fund space (like) Bear Stearns. Is it an isolated event or is it a broader contagion?\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/p>\n<p class=\"textBodyBlack\">  Ablin said he likes healthcare stocks because valuations are cheap. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cPrice-to-cash-flow is the cheapest it\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s been in about 15 years,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d he said.<\/p>\n<p class=\"textBodyBlack\">  <a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/7-0&amp;fd=R&amp;url=http:\/\/www.cnbc.com\/id\/19437525&amp;cid=0&amp;ei=AvuJRruUIIey0AGW2ImzDA\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC- Jack Ablin, chief investment officer at Harris Private Bank, told CNBC\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cPower Lunch\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d that hedge funds may be driving today\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s marketrally. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2re getting new money at quarter end, we\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2re seeing a lot of speculative issues leading the way, particularly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6266","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6266"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6266\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}