SELLING TIME

The Wall Street aphorisms "Straw hats in December" and "Skis in July" have been around nearly as long as the stock market.
                                                             

The implication should be clear: it matters what you buy and when. And so too does it matter what and when you sell. Now some heavy-hitting private equity firms, Apollo Group (APO) run by noted billionaire Leon Black, Fortress Investment Group (FIG) and Blackstone Group (BX), are by all indications putting out the word: It's a good time to sell.

With the S&P 500's move into 1700 Land, US equities are up 20% on the year. This is the same Blackstone firm we told you (Financial Engineering) is preparing to bundle foreclosed real estate they've been accumulating the last couple of years into a bond offering backed by rental income. In other words, they're selling into a hot market hungry for yield.

Here's a link to the rest of the story.
http://www.bloomberg.com/news/2013-08-01/fortress-to-blackstone-say-now-is-time-to-sell-on-rally.html
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