Paul Tudor Jones Warns

Quote from mgarc:

just for the record, this is from zerohedge.
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Thanks! I got in an email and didn't know where it originated. Brilliant stuff, though.
 
Quote from ByLoSellHi:

Angrycat, thanks for posting that...

:D


I shouldn't be smiling though, because wrath is going to rain down on teh economies of the world.

The real economy is absolutely horrible, and the MSM is full of either programmed liars or the dumbest motherf**ckers ever bred into existence.
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Anytime I can pass along humorous (because it's true) stuff, I will.

Totally agree with your assessment of the situation.

The people partying in the streets and calling us party poopers were the same people leveraging to infinity to buy houses in 2005 because "the prices are just going up". Then they complained that nobody warned them the housing market was inflated.
 
Quote from sekyst1974:

Picking a top in the market is like picking the exact time when your brakes will go out on the car.

Right now, Paul hears the market squeaking, but he does not know exactly when it will give. He is not playing with his own cash, but his customers so he plays it safe by sending out a warning letter to clients.

Lets say this was November 1999 and Paul sent out a letter to his clients warning them to go to cash and that the market was overextended. He would have looked like a fool for several months until the market crashed then he would look like a hero.

I suspect Paul's cowboy days are over and he is helping his clients avoid loss versus riding on brakes that squeak.
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you seem like a pretty smart cat, however, isnt most of his net worth in his funds? are you associated with Tudor?

surf
 
Quote from Angrycat:

GM chapter 11 = PRICED IN
125K+ jobs lost from GM chapter 11 = PRICED IN
unemployment @ 9% = BETTER THAN EXPECTED
unemployment @ 10% = DOW SOARS
unemployment @ 11% = GREEN SHOOT RALLY
unemployment @ 12% = ALREADY FACTORED IN
unemployment = 35% = DOW DROPS 100 POINTS
Governme nt spends 1 trillion of OUR dollars = STIMULUS
North Korea fires nuke = RALLY
Israel bombs Iran = 30 MINUTE END OF DAY RALLY
world explodes = ASIA RALLIES
PMI crashes = HUGE RALLY
No jobs are created = RECESSION ALMOST OVER
U.S. debt overwhelming = TOO BUSY RALLYING TO CARE
Consumer stops spending = RETAIL RALLY
Banks are insolvent = SIGNS OF STABILIZATION
American auto industry BK = GOOD THING 8:58 AM

Banks pass scam stress tests = HUUUUUUUUGE RALLY
Banks "only need 75 billion = OUT OF THE WOODS
Banks pass a real stress test = NEVER WOULD HAPPEN
Banks pay back tarp = LATE DAY SURGE
Banks can't pay back TARP = EARLY MORNING SURGE
12% mortgage delinquency = GOOD FOR STOCKS
Hundreds of thousands of mortgages underwater = HOUSING BOTTOMED
Dollar rises = RALLY
Dollar crashes = RALLY
Inflation = BULL MARKET
Deflation = BULL MARKET CONTINUES
REFLATION = MASSIVE SHORT COVERING RALLY
Gold rises = STOCKS RALLY 8:59 AM

Gold falls STOCKS RALLY
CONSUMER INSOVENT = CONSUMER IS SPENDING
OIL @ 50 = BULL RALLY
OIL @ 60 = GREEN SHOOT
OIL @ 100 = IMPORTANT RECOVERY SIGN
OIL @ 20 = TAX BREAK And the one we should all interpret correctly:
NO ONE IS BUYING STOCKS = BILLIONS ON THE SIDELINES
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Funniest post,
Sums up the current environment
Thanks for the laughs
 
Quote from marketsurfer:

you seem like a pretty smart cat, however, isnt most of his net worth in his funds? are you associated with Tudor?

surf
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Tim Sykes is a smart cat?
 
Quote from Landis82:

I just read a research note from David Rosenberg at Gluskin Sheff in Canada (he was the former Merrill chief economist) and he says that at this point in the cycle it is normal for the market to rally 20% ahead of the trough in employment, but not the 50% that it has without nary a sign that the job cycle has turned the corner.

He sees $60 of earnings on the S&P for next year and puts a fair value P/E of 14x on the market to get an equilibrium level closer to 840, and not the 1,000 where we currently are.
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Thx.
 
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