that there is a"massive, massive raging mania in financial assets" fueled by the Fed that has not spilled over onto Main Street and will lead to challenges for potentially the next five years.
"I have no clue where the markets are going to go in the near term," Druckenmiller said."But I just want to remind people that there is no valuation support because we drop 10%. That hasn't mattered, because we're so far out the valuation realm with the Fed doing what they're doing ... I would say the next three to five years are going to be very, very challenging."
The head of Duquesne Family Office said that Fed Chair Jerome Powell did"a great job in March" after cutting rates, but that the follow-up market rally has been"excessive." Even though Tuesday marked the's third straight day of losses, the index has still rebounded roughly 48% from its March 23 intraday low.
"Look, everybody loves a party ... but inevitably after a big party there's a hangover, and right now we're in an absolute raging mania," he added. One example of the mania is the performance of large companies splitting their stocks. Druckenmiller said these splits create no value, but the stocks of the companies continue to go higher, sometimes by 50%, after the split.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Chandranand2 yup that is what I say
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Most painful pullback since March is here, market researcher Jim Bianco warnsBianco Research’s James Bianco cites speculative activity, overbought conditions and questions surrounding the fate of a second virus aid package as catalysts for the market sell-off. TradingNation Oh please. TradingNation WHAT happened after that pullback! If you sat n watched (like my brother!) U missed out. We,again,have opportunity to get great companies cheap. Stop panicking!! Add to UR current positions. And see what else had been overbought and now oversold! $TSLA $AAPL $AMZN $MSFT $FB TradingNation BREAKING: President Trump diagnosed with chronic 'Diarrhea of the mouth'. Doctors say it's due to having shit for brains!
Source: CNBC - 🏆 12. / 72 Read more »
Warren Buffett Is Betting on Japanese Stocks. Here’s How You Can Too.His $6 billion investment highlights the opportunities to be found in an inexpensive Japanese stock market. Warren is comfortable with how Japan controls it’s media and doesn’t talk about how it treats the world’s whales and dolphins Business as usual. China is a better bet. wonder why
Source: MarketWatch - 🏆 3. / 97 Read more »
Tesla, Nasdaq, Apple: What to Watch When the Stock Market Opens TodayTesla, Nasdaq, Apple: What to watch when the stock market opens today China Gives Signal of Time To india,india Go in iran For Double Cross,Big Legions of All Arab Destroy China &Parachute Bombs Can Stop AntiCrafts of China Domain Planes+China Stability in Arab UnMatch Oil,SAARC+Bangal+Behar+Punjab+Rajhistan Unity Destroyed By Shia Bhutto Side, Tesla stock price target is $2500!
Source: WSJ - 🏆 98. / 63 Read more »
Legendary investor Byron Wien says next 'real opportunities' in market are transportation and energy as tech falters | Markets InsiderBrendan McDermid/Reuters Legendary investor Byron Wien told CNBC on Tuesday the next 'real opportunities' in the market are in distressed area...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Cramer tells 'newbie' market investors it's not too late to lock in tech stock profitsNewbie investors beware. MadMoneyOnCNBC's jimcramer says new investors riding the recent tech highs should learn from 2000's woes. MadMoneyOnCNBC jimcramer every generation needs a bubble MadMoneyOnCNBC jimcramer Where was his works of wisdom weeks ago? LMAO! MadMoneyOnCNBC jimcramer The tech bubble is not a good comparison more like a crypto bubble people put money in multiple companies thinking all of tech would win then multiple went out of business. Betting on established companies such as Apple and Tesla is completely different.
Source: CNBC - 🏆 12. / 72 Read more »