from King World News
Today KWN is pleased to share a dramatic chart that begs the question: What will happen when central planners finally lose control?
From Jason Goepfert at SentimenTrader: “Each year, a number of prominent hedge fund managers gather for the Sohn Investment Conference and outline their rationales for long or short investments in stocks or macro views on other markets.
One of the managers with a nearly unmatched record over several decades is also among the most negative on stocks. Stan Druckenmiller gave several reasons to be bearish, most of which were unchanged from his outlook last year. One difference was volatility. As he noted, “volatility in global equity markets over the past year, which often precedes a major trend change, suggests that their risk/reward is negative without substantially lower prices…”.