Stanley Druckenmiller says he's been 'humbled' by market comeback, underestimated the Fed

told CNBC on Monday the market's strong performance over the last three weeks has "humbled" him and that he underestimated the power of the Federal Reserve.

That concern prevented the investor from capitalizing on the market's robust rebound since the March 23 low: Druckenmiller said he has returned just 3% during the market's 40% rally since the S&P 500's springtime bottom. "I had long-term concerns for the last few years that because of easy money, too much debt was being built up in the corporate sector," Druckenmiller, the chairman and CEO of the Duquesne Family Office, added on Monday.

The S&P 500 is up more than 11% since his comments in May, while the Nasdaq Composite became the first of the three major indexes to climb back to an all-time high last week."I would say since that time, a couple things have happened technically. I would also say I underestimated how many red lines, and how far, the Fed would go," he said.

Did he also speak on how stock buy backs are at all time highs and that the federal reserve is propping up this “booming economy” that should have crashed already?

DruckenmillerS You know as well as everyone else that you’ll be proven right. The last 12 yrs subsisted of Fed magic + now the Fed’s going to just *poof* fix months of a motionless economy that printed trillions, added trillions more in debt, job/wage loss of millions, etc, etc.

If the increase humbled you, what's the crash gonna do? Oh yeah, that's right, make you rick cause you're shorting the fuck out of everything you can.

I would like his view on the mother of all bubbles being inflated by central banks all over the world. When it burst will be nasty. Probably Mr. Powel believe he or his successor will be able to handle a “soft landing”. Not sure.

Power of printing and buying stocks like crooks

'I never dreamed we could steal this much this fast.'

A message from IROQUOIS : BOW NOT before golden casket, golden images, or all that is lay b4 you - but look to the heavens were there you shall find the answer soledadobrien SpeakerPelosi realDonaldTrump SenSchumer jaketapper DNC replouiegohmert Paula_White ToddPiro CNN

Which FED? Just acknowledge realDonaldTrump leadership and positivity!

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Stanley Druckenmiller said he's been 'humbled' by market comeback, underestimated the FedGood moment to publish these type of notes when the FED is decreasing it daily power purchase to only 20 billions/ week from 500 billions/week on March. wicked fast, guys. Wait.
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