Trump lashes Wall Street heavyweights for sounding alarm

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lovethetrade

The biggest names in finance are coming around to a view that seemed unlikely a few weeks ago: Stocks are vastly overvalued - and President Donald Trump is not happy.

Legendary investors Stan Druckenmiller and David Tepper were the latest to weigh in after a historic market rebound, saying the risk-reward of holding shares is the worst they've encountered in years.

https://www.smh.com.au/business/mar...for-sounding-alarm-bells-20200514-p54st8.html
https://www.bloomberg.com/news/arti...ounding-alarm-about-stock-prices?srnd=premium
 
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lovethetrade said:
The biggest names in finance are coming around to a view that seemed unlikely a few weeks ago: Stocks are vastly overvalued - and President Donald Trump is not happy.

Legendary investors Stan Druckenmiller and David Tepper were the latest to weigh in after a historic market rebound, saying the risk-reward of holding shares is the worst they've encountered in years.

https://www.smh.com.au/business/mar...for-sounding-alarm-bells-20200514-p54st8.html
https://www.bloomberg.com/news/arti...ounding-alarm-about-stock-prices?srnd=premium
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Ate they playing their book? Are they scared of a mother of all times short squeeze?
 
Nighthawk said:
Can´t recall when Druck and the Tep had a home run in years....:caution:
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I don't how many more zeroes they have in their bank account than you. Is the number of zeroes single or double digit #?:D
Cramer was right for once. He said these guys can turn on a dime and the public/you would never know.
 
Don't know why it took investors Stan Druckenmiller and David Tepper to sound that alarm. It's obvious that when equities catapult 30% off lows and unemployment is worse than the great depression, economies are literally closed and GDP is in a free fall that its obvious markets are so outrageously priced. Markets are more expensive now than they were in February at historical highs....a fairly priced market is about 70% lower than where it stands today!!! Yes an s$p well below 1000!!!
 
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