Bob Parker, formerly at Credit Suisse, now at Quilvest Wealth, used to be my favorite guest on CNBC Europe back in the day. I found his advice to be measured and pretty accurate over the years. Last night he was a guest on Bloomberg and offered his 2 cents on the sell off — saying nothing had changed from a fundamental perspective and although he didn’t know exactly where the market would bottom, this would likely be nothing more than a correction — since the fundamentals were still intact.
Not as fun as calling for end of day — but Bob is probably right here again.
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What do you think of your favorite bow tie. “…said he expected the selling to continue until the US Federal Reserve raises rates in March. Without predicting the timing, Rogers also issued a more general warning about the next big market crash.
“When we have a bear market again, and we are going to have a bear market again, it will be the worst in our lifetime,” he told Bloomberg. “Debt is everywhere, and it’s much, much higher now.””
I agree, with caveat of time frame. Right now it appears voting majority of Congress is all aboard the rising deficit train. Buy your fine German automobiles now.
global capital will start moving into the relative safety of US equities and bonds as they are the deepest and most liquid
Same fundamentals, as near as I can tell. But the market has an unsteady feel that I can’t account for. Go with the bull case until you can’t.
Long shitcoin. 5 – 20 percent returns a day are normal – long / short.
Fundamentals still intact – market still overpriced based upon QE momentum. On the other hand, even bear markets have rallies.