Why Private-Equity Deals Keep Going

This column was originally published on RealMoney on May 29 at 8:18 a.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.

More than $81 billion in buyouts this month. That's extraordinary. All kinds of industries: service, manufacturing, credit-card processing.

And what do we hear from the media? "It can't continue." Funny, this "can't continue" story appeared in abundance last November when we had a similar surge. It has appeared many times since the year began.

Yet the story keeps getting written and nobody apologizes for scaring you into selling stocks that were later privatized. ...