"We are just again in this craziest monetary and fiscal mix in history. It's so explosive. It defies imagination," Jones CNBC's Squawk Box at the World Economic Forum in Davos, Switzerland. "It reminds me a lot of the early '99. Early '99 we had 1.6% PCE, 2.3% CPI. We have the exact same metrics today. The difference is fed funds rate 4.75% today 1.62%, and back then we had budget surplus and we've got a 5% budget deficit ... Crazy times.
Asked if he wants to get off the train in the bull run, Jones said, "Not really. The train has got a long, long way to go if you think about it.""That's a big deal. If you look at what happened in 2003 ... stock markets sold off double digits. If you look at the escalation of the reported cases, it looks a lot like that," Jones said. "There's no vaccination. There's no cure... If I was an investor, I'd be really nervous.
Please. He hasn’t been right for a decade +
I don’t care what the Fat Cats say
bla bla bla, how many times we need to hear that? too many 'experts' on CNBC saying the same every day, every year, and u know what? always wrong.
$AAPL Apple trading 15 times book value, that's crazy unsustainable. If you use that multiple to value $SNE Sony $SNE Sony should be trading around $500.Sony remains best stock for next decade and don't forget Sony's PlayStation money making machine Davos2020
People need to stop living in the past. Everything is different today...and as economies change, so must our policies and methods of doing business. ClimateChange, USPolitics, geo-political fronts are in flux...but that doesn't mean the profits and valuations are crazy too
Y2K again?!?
Here again is with their smear machine day in and day out. Every tweet is about how the market is going to crash and they can get over the fact what Trump has done.
Agreed.
“Let’s party like it’s 1999....!”