bill miller has had the biggest collapse of a big fund in history. down 70% in 12 months. aig.leh,fre,bsc. need i go on.
Of course. They'll do whatever is in their means to sell out the next generation - that way their pensions and retirement is in tact just until they all die off like flies. Even if you tell a boomer that propping up the markets will have serious repercussions...they don't care. Aren't they called the "me first generation"?
Great! WTF? The bottom is in, but we need the feds to buy everything in sight? He should save some weed for others, sheesh.
above is a typical 3rd world solution for bankrupt countries. figure out when and you will be rich on paper.
I do think that if the Treasury can lock in the current interest rates and buy stocks, the govt will make lots of money in 10 years.
What he means is that the Fed should bid up his portfolio stocks. "Patriotism is the last refuge of the scoundrel" Samuel Johnson, English 18th (?) Century man of letters
We are seeing a wave of bottom callers again! I suspect these fund owners are afraid of further redemptions. Get ready for October - November crash revisit.