Druckenmiller Humbled By Market Recovery
Billionaire says he should have trusted the Fed and animal spirits to lift stocks off their apocalyptic COVID lows even in a recession.
Billionaire says he should have trusted the Fed and animal spirits to lift stocks off their apocalyptic COVID lows even in a recession.
"I'm not suggesting that Mr. Buffett's lost his edge but I can't find a history of people his age that don't become relatively static in a crisis."
Kudlow called Powell’s analysis “a little morose,” noting that the Federal Reserve’s “forecasts were pretty good for 2021," especially on employment.
Cuban said that it wasn't just the recent rally in the market, but the massive boom in day trading that reminds him of '90 euphoria in the markets.
Billionaire bond investor Jeffrey Gundlach considers the retail investor boom "unnerving" given the ongoing coronavirus crisis and wary institutions.
While you always find bears who see the downside of everything, including a recovery, anything that weakens the flow of stimulus is of concern.
Even before the jobs report came out, other measures of the health of the economy indicate that current conditions are nowhere near depression levels.