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Old 03-05-2013, 10:45 AM
Franc Tireur Franc Tireur is offline
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Druckenmiller says ‘it’s going to end very badly’

Hedge-fund legend Stan Druckenmiller suggested Tuesday that the market’s current surge could continue for a while, but is likely to end — and end badly.

Druckenmiller, appearing on the business-news channel CNBC, said in an interview that “the party is going on, and money is being pumped in.”

The Dow closed Monday just a few points below its record closing high of 14,164.53, set in October 2007, and surged past that level and the all-time intraday high of 14,198.10 in the opening moments of Tuesday’s session.

Druckenmiller went on to suggest that stocks could continue to rise in the near term. “The party can continue for awhile,” he allowed. “I don’t know when it’s going to end, but my guess is it’s going to end very badly.”

The stock market bubble seems to go burst very soon.
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Old 03-06-2013, 11:17 AM
Breeze Wood's Avatar
Breeze Wood Breeze Wood is offline
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“I don’t know when it’s going to end ... “If you’re going to play… for God’s sake play in liquid instruments.”

Druckenmiller - does that mean that since March 2009 he is just now getting in ... that is indeed being cautious about it -

God’s sake play in liquid instruments ...

I wonder what he means by "liquid instruments" - really, it's to late already in any investment when it's "time" but how long does it take him to sell a stock ? most people can do it in less than 10 seconds - its called, "Submit Order".

I don’t know when it’s going to end ...

that's when it is already to late ...


* hey, does anyone else use Lazarus: Form Recovery 2.3 ?

I lost this post but Lazarus saved a copy - great even after a crash ...
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Old 03-06-2013, 02:05 PM
Franc Tireur Franc Tireur is offline
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Another great article mentionning this:

The Last Time The Dow Was Here...

"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else", just like everyone sold ahead of everyone else on October 11th 2007, the last time stocks were here...

•Dow Jones Industrial Average: Then 14164.5; Now 14164.5
•Regular Gas Price: Then $2.75; Now $3.73
•GDP Growth: Then +2.5%; Now +1.6%
•Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
•Americans On Food Stamps: Then 26.9 million; Now 47.69 million
•Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
•US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
•US Deficit (LTM): Then $97 billion; Now $975.6 billion
•Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
•US Household Debt: Then $13.5 trillion; Now 12.87 trillion
•Labor Force Particpation Rate: Then 65.8%; Now 63.6%•Consumer Confidence: Then 99.5; Now 69.6
•S&P Rating of the US: Then AAA; Now AA+
•VIX: Then 17.5%; Now 14%
•10 Year Treasury Yield: Then 4.64%; Now 1.89%
•USDJPY: Then 117; Now 93•EURUSD: Then 1.4145; Now 1.3050
•Gold: Then $748; Now $1583
•NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares

Mission Accomplished, everything is going to be fine
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