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Two Ways To Play: BlackRock, Blackstone Feeling Optimistic


Strenghten your portfolio in good times and bad.

Are we near a bottom? According to Bloomberg, BlackRock's (BLK) CEO Laurence Fink thinks we are.

At an investment conference today in New York, Fink said "A year ago, I said we won't see a bottom until we see a capitulation." Today, "we are seeing a capitulation" - and financial markets could begin to recover as soon as the middle of 2009.

Speaking at the same event, Blackstone (BX) chairman Stephen Schwarzman said that he remains optimistic on the future and that the global recession isn't necessarily bad for leveraged buyouts. Schwarzman, whose company is the world's largest private equity firm, pointed to the recession of early the 1990s and 2001, saying the biggest profits came during the worst economic times. "When the prices are low," he said, "you can make a tremendous amount of money."

See Professor Jeff Macke's comments in Capital-Gains Taxes Not The Enemy.

From the Bull Pen: Kroger (KR) has the right business model in this environment ,and clearing $28 resistance would be another positive. One can set a sell stop in the $26-27 range.

From the Bear Cave: Capitulation in the financial markets? We may be in the final innings. But more worrisome are the loss of jobs, the economy… Basically, a consumer-led recession. Consider Kohl's (KSS) for a downside play. One can set a tight buy stop around $31.
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No positions in stocks mentioned.

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