Tiger’s Robertson Says Bond Bubble to End in ‘Very Bad Way’ – Bloomberg 09-22-14

Salient to Investors:

  • Julian Robertson at Tiger Mgmt said bonds are at ridiculous bubble levels as governments worldwide buy bonds to keep their countries growing. Robertson said the bond bubble will end very badly but is finding equity opportunities in great companies, like Alibaba.
  • Leon Cooperman at Omega Advisors said called bonds are very overvalued but sees opportunities in the stock market where there is no indication of euphoria priced in.
  • Howard Marks at Oaktree Capital said investors are taking on more risk as central banks keep interest rates unnaturally low and suppress yields on traditional fixed-income investments.
  • Bill Conway at Carlyle Group does not see a catalyst that would collapse the bond market but says almost every company in their buyout funds has refinanced at least once.

Read the full article at  http://www.bloomberg.com/news/2014-09-22/tiger-s-robertson-says-bond-bubble-will-end-in-very-bad-way-.html

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What Billionaires Say And Do About The Stock Market Rally – Bloomberg 03-08-13

Salient to Investors:

Larry Trefz  writes:

The rally will continue until sentiment turns for the worse, then expect a correction of over 10%.

Warren Buffett sees says stocks are good value and cheaper than other forms of investment, while the dumbest investment is long-term government bonds.

Stan Druckenmiller sees a crisis coming that is potentially much worse than 2008, due to $211 trillion of unfunded liabilities resulting from ballooning Social Security, Medicare and Medicaid programs as current seniors steal from future seniors.

David Tepper at Appaloosa Mgmt is bullish for 2013 because there is nothing to be bearish about, and the US is on the verge of an explosion of greatness.

Leon Cooperman sees the same excitement as when Apple was at $700 and Facebook was at $38, though equities are the best house in the financial asset neighborhood. Cooperman says buying US government bonds today is basically walking in front of a steamroller and picking up a dime.

John Paulson is bullish on the US economy and stock market, and says the best investment for an individual is a house. Paulson is bullish on US energy, whose growth could translate to gains for related industries, like chemicals and petrochemicals, but is less bullish on credit, where long-term returns will be far smaller than in stocks.

Read the full article at http://seekingalpha.com/article/1259141-what-billionaires-say-and-do-about-the-stock-market-rally?source=email_macro_view&ifp=0

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