Here is a question for you. Who would you rather listen to…..some Charles Schwab yahoo financial adviser who keeps screaming that today’s market is a “buying opportunity of a lifetime” or hedge fund legend Julian Robertson (founder of Tiger Management). I will leave that decision up to you. But if you are wondering, here is what Mr. Robertson thinks.
- Twin bubbles: In bonds and equities.
- The FED is frightened to death.
- It is possible the market will boil over into an explosion. The bigger this bubble gets the bigger the burst will be. The repeat of 2008 sell-off is now a real possibility.
- The FED will raise interest rates….be ready.
- The stock market is in a bubble that will surely pop.
I’ll tell you one thing. It’s nice to be on the same analytical side as Julian.
Julian Robertson: The Repeat Of 2008 Sell-Off Is Likely Google