Stanley Druckenmiller is still bullish the market because of the Fed and Trump

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Stanley Druckenmiller agrees with Tepper, still bullish the market because of the Fed and Trump

said Friday that he agrees with fellow billionaire investor David Tepper's optimism on the market and said he's still "riding the horse."

"In addition, Trump's election prospects have increased with two trade agreements and big win in Iran which the Democrats have responded poorly to," he added. "So I am still 'riding the horse' and bullish immediate term." He blamed the lackluster returns on his conservative bet in June, when he loaded up on U.S. Treasurys after President Donald Trump sent a tweet in May that inflamed U.S.-China trade tensions. Before that, he said, he had been "93% invested in the market."

 

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The fact that Trump is a racist, homophobic criminal doesn’t bother this guy, it’s all about money for this pig.

SquawkCNBC That’s done wall of worry...

I liked it when Stan told CNBC that Fed policies (largely QE) were 'the biggest redistribution of wealth from the middle class and the poor to the rich ever.” I was unsurprised when CNBC didn't follow up on this & remained the Fed's biggest apologist.

Why don't they ever interview people who actually work for a living?

More than one half on Americans are deep into debt and struggle each month to pay the bills and put food on the table.

Just don’t fall off the horse

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