I still am expecting this market to crack,said Uri Landesman,President and Managing General Partner at Platinum Partners Multi-Strategy Hedge Fund.Anything to do with Europe,people are really scared.At some point,the Euro situation will clarify,and their equities are now more cheap than US equities.People probably should buy Euro equities.
It's a terrible risk-reward in the US market,in my opinion.Natural gas is getting clobbered again.It's very,very cheap.The Chinese will step in and try to buy assets.There will be significant Chinese purchases in the emerging markets even in 2012.Given natural gas trading in the 2.60s,that's very cheap for countries like China that are very short on natural gas.
Specific biotech companies are totally exogenous if they have an event coming up.If the US economic data come out significantly better,I would change my view on housing and lending.I think some of the industrial metals are interesting here.
We are still very bullish about China long term.The engine that is China will roar again in coming years,Mr.Landesman predicted.
Platinum Partners are affiliated alternative investment managers located in New York.In addition to hedge funds,they offer advisory services exclusively for qualified investors.Mark Nordlicht is Chief Investment Officer at the firm.
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