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
I don't how many more zeroes they have in their bank account than you. Is the number of zeroes single or double digit #? 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!!!