Comments
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YMAt the end of the day, the Fed will raise rates as promised.
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TMGreat insight. Since i manage my own capital i pay close attention to what investors who manage their own capital are doing like Stanley Druckenmiller , George Soros etc. I can be in 100% in cash or any form of allocation as i want and wait till things are clear.
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JHtough slog ahead. he seems to agree with Ben Hunt about the rangebound market reality. maybe the contrarian move would be to forego macro altogether and find fundamental growth stories? energy, IC chips, and finance are all potentially on the cusp of big changes.
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DSExcellent Interview. With negative and low interest rates, a defined pension plan in corporations and governments adds major risk to stocks and bonds. This is already well known, but check your investments including ETFs.
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WS...enjoyed his insights, although, I think the writing is on the wall wrt US business cycle as indicators are pointing to a recession within, say 6 - 9 months...
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gbare too lazy to do the work necesssary to be right and are not disciplined to take small losses and big profits. i dont agree with this being a sheep and follow what he says.
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gbr u kidding. the thought of the herd. yield is bs and only for the faint of heart. dont buy high yield either. create your own yield through yielding profits on trades. everyone wants safety and
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GBGreat insights. I appreciated his view point and what it adds to my outlook. Please have him back.
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GSSome interesting but also lots of confusing ideas thrown at one. Especially when talking about so many topics, some unknown acronyms to me did not help me draw a clear picture.
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ACI would love a count of how many times he said "at the end of the day". At the end of the day, we are all dead!
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DFFantastic insights....
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NS'But at the end of the day', this is a terrific interview! Thanks!
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NGif everyone is calling it a bubble than how come its a bubble I wonder ?I 'd argue being range bound will test the patience levels on a unprecedented scale, which can overshoot / undershoot .
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NGAgree with this markets remaining range bound for the foreseeable future. To me calling dollar rising and china collapsing has pretty much become a consensus trade out there .
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PSNot on my preferred side of convexity. Only makes sense to the 'forced to own something' crowd. Until it doesn't
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CDDoesn't get any simpler than that....we're range bound for the foreseeable future....neither crashes or breakouts....great explanations as to why...cool.
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DLGood stuff. So asset prices will continue to be forced ever-higher chasing yield, relative performance is all that matters.Sounds dangerous when fundamentals become popular again.
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RPKrakey has the ear of some of the worlds largest hedge funds. Its well worth paying attention to what he says...
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RDChristine, isn't it the other way around, i.e., default rate (not balance sheet) is "safe" b/c balance sheet is "deemed", perception ?, bulletproof "for now."
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MLGreat timing on this. 30 handles up.
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jm1949: low interest rates, low stock prices, low stock valuations, there is no alternative doesn't hold when you look at history.
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CDBalance sheets are relative safe near term in the aggregate b/c default rates will remain low. Depressed yields means that poorer quality ventures get funding. This is a symptom of the yield grab
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RDLow cost of capital can only buys you time! It doesn't solve the cash flow dilemma of declining rev, earnings and profit margin globally. So don't know how corp' balance sheet is "safe."
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RDAgree yield starve investors imply a "global put." However, yield starve investors also overbid "securitzation" pre-08 and the rest is history. Also, don't see how corp' balance sheet is "safe."