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!

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Dow futures rise as stock market aims to add to rally headed into Fed weekU.S. stock-market futures rise Sunday evening in thin trading, as Wall Street equities looked to add to a rally toward records for the Nasdaq that concluded...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Mohamed El-Erian: I'm 'uncomfortable' betting on continued 'huge recovery' in the stock marketThe Allianz chief economic advisor, who in early March correctly called a coronavirus-driven bear market, told CNBC he's reluctant to buy the recent reopening rally. AMERICA WILL ALWAYS RECOVER WE ARE THE GREATEST NATION IN THE HISTORY OF CIVILIZATION One thing I learned in this crisis: stop watching CNBC. He's been uncomfortable all the way up. One of many poster children defining a the so called a wall of worry
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Stock-market investing playbook, picks for recovery: Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »