Julian Robertson: The Repeat Of 2008 Sell-Off Is Now Highly Probable

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.