TheToolMan
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User ID: 74962957
 United States
06/26/2017 05:44 PM
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Report Copyright Violation | $3.7 BILLION HEDGE FUND: This market doesn't make any sense The stock market's seemingly endless gains don't make much sense, according to a $3.7 billion hedge fund. More than eight years into the market's latest bull cycle, the second-longest on record, stocks have rallied notably since President Trump was elected in November. "People are just paying significantly more for assets without any fundamental improvement in those assets," Tourbillon Capital's Jason Karp wrote in a recent letter to investors that was reviewed by Business Insider. Karp was referring to stocks' gains in the first quarter, which were heavily marked by tech. He wrote that "greater than 100% of the return came from multiple expansion without any corresponding revision upwards in earnings." more at [ link to www.businessinsider.com] Last Edited by TheToolMan on 06/26/2017 05:44 PM"My mom said the only reason men are alive is for lawn care and vehicle maintenance." |
ErikV
User ID: 75145833
 Sweden
06/26/2017 05:50 PM
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Report Copyright Violation | Re: $3.7 BILLION HEDGE FUND: This market doesn't make any sense Stock market shruggs of bad data. Something is going to happen and it will be real bad. ErikV |
TheToolMan (OP)
User ID: 74962957
United States
06/26/2017 05:53 PM
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Report Copyright Violation | Re: $3.7 BILLION HEDGE FUND: This market doesn't make any sense Stock market shruggs of bad data. Something is going to happen and it will be real bad.
Quoting: ErikV Totally... Good news, market up a little Normal news, market up quite a bit Bad news, market explodes up! "My mom said the only reason men are alive is for lawn care and vehicle maintenance." |
