Wall Street Legends Sounding Alarm on Stocks

“The biggest names in finance are coming around to a view that seemed unlikely a few weeks ago: Stocks are vastly overvalued.” This according to a recent Bloomberg article. The article notes comments from Stan Druckenmiller who earlier this month characterized the prediction for a V-shaped recovery as a “fantasy.” David Tepper has reportedly said that equity valuations are “nuts,” and Bill Miller, Paul Singer and Paul Tudor Jones have all echoed doubts about the… Read More

Hedge Fund Guru: Revamp Entitlements, Or New Crisis Will Be Worse Than ’08

The usually low-profile Stan Druckenmiller, who was one of the best hedge fund managers of the past few decades, is speaking out about entitlement programs, saying that runaway spending on programs like Medicare is leading the U.S. toward a crisis that will be worse than the 2008 financial crisis. “While everybody is focusing on the here and now, there’s a much, much bigger storm that’s about to hit,” Druckenmiller said in an interview on Bloomberg… Read More