4 ms·

Looks like this guy's been making these kind of predictions for at least the last 10 years: https://www.cnbc.com/2016/05/04/druckenmiller-get-out-of-the-stock-

Looks like this guy's been making these kind of predictions for at least the last 10 years: https://www.cnbc.com/2016/05/04/druckenmiller-get-out-of-the-stock-market-own-gold.html https://www.cnbc.com/2016/05/04/druckenmiller-get-out-of-the... https://www.youtube.com/watch?v=4W58zLwdDzM https://www.youtube.com/watch?v=4W58zLwdDzM https://www.cnbc.com/2015/11/03/stanley-druckenmiller-heres-how-fed-bubble-will-end.html https://www.cnbc.com/2015/11/03/stanley-druckenmiller-heres-... https://economictimes.indiatimes.com/news/international/business/federal-reserves-current-policy-will-end-badly-says-hedge-fund-manager-stanley-druckenmiller/articleshow/38581412.cms https://economictimes.indiatimes.com/news/international/busi...

melling 4y ago
This guy? One of the best traders in history. https://priceonomics.com/the-trade-of-the-century-when-george-soros-broke/ https://priceonomics.com/the-trade-of-the-century-when-georg... His streak was something like 25% or 30% over 30 years? The tide is definitely going out. The Fed created a huge bubble and everyone knew it. Fed Balance sheet at $9 trillion…
- danielmarkbruce 4y ago
  was. He has been making a lot of similar predictions for a while.
  - Proven 4y ago
- anm89 4y ago
  Yeah some clowns named Ray and Warren also keeps crying wolf about how the economy has issues too. These guys have no idea what they are talking about! I don't think they even trade.
  - nprateem 4y ago
    Buffett has also been predicting the mother of all crashes since 2016. Lesson: never listen to experts unless you discover one with a time machine. Like they say, more wealth has been lost trying to time the market than in crashes.
    - danielmarkbruce 4y ago
      Source? I haven't seen Buffett say anything of the sort and am pretty certain he hasnt.
    - anm89 4y ago
      Right. What an idiot. Guy has no idea what he's talking about. As I said, he's probably never even made any money trading. Good thing I've got the bright denizens of HN to set me straight.
    - towaway15463 4y ago
      The market can stay irrational longer than you can stay solvent. We’re in a massive bubble but only a fool would try to predict exactly when it will pop.
    - deltree7 4y ago
      What? Buffett never predicts crashes. His Mantra is keep identifying great businesses and keep buying it
    - hedora 4y ago
      Are you talking about this, where he hedged against a market collapse, and then his portfolio only dropped 66% of the drop at the beginning of 2016: https://www.fool.com/investing/general/2016/01/26/how-warren-buffett-is-beating-the-market-in-2016-a.aspx https://www.fool.com/investing/general/2016/01/26/how-warren... I'd read the strategy there more as "don't be greedy and invest in companies with lots of growth and weak fundamentals". That applies to bull markets too.
greenhatman 4y ago
He's going to be right eventually. Now seems like a likely time for him to be right.

melling 4y ago

This guy? One of the best traders in history. https://priceonomics.com/the-trade-of-the-century-when-george-soros-broke/ https://priceonomics.com/the-trade-of-the-century-when-georg... His streak was something like 25% or 30% over 30 years? The tide is definitely going out. The Fed created a huge bubble and everyone knew it. Fed Balance sheet at $9 trillion…

danielmarkbruce 4y ago
was. He has been making a lot of similar predictions for a while.
- Proven 4y ago
anm89 4y ago
Yeah some clowns named Ray and Warren also keeps crying wolf about how the economy has issues too. These guys have no idea what they are talking about! I don't think they even trade.
- nprateem 4y ago
  Buffett has also been predicting the mother of all crashes since 2016. Lesson: never listen to experts unless you discover one with a time machine. Like they say, more wealth has been lost trying to time the market than in crashes.
  - danielmarkbruce 4y ago
    Source? I haven't seen Buffett say anything of the sort and am pretty certain he hasnt.
  - anm89 4y ago
    Right. What an idiot. Guy has no idea what he's talking about. As I said, he's probably never even made any money trading. Good thing I've got the bright denizens of HN to set me straight.
  - towaway15463 4y ago
    The market can stay irrational longer than you can stay solvent. We’re in a massive bubble but only a fool would try to predict exactly when it will pop.
  - deltree7 4y ago
    What? Buffett never predicts crashes. His Mantra is keep identifying great businesses and keep buying it
  - hedora 4y ago
    Are you talking about this, where he hedged against a market collapse, and then his portfolio only dropped 66% of the drop at the beginning of 2016: https://www.fool.com/investing/general/2016/01/26/how-warren-buffett-is-beating-the-market-in-2016-a.aspx https://www.fool.com/investing/general/2016/01/26/how-warren... I'd read the strategy there more as "don't be greedy and invest in companies with lots of growth and weak fundamentals". That applies to bull markets too.

greenhatman 4y ago

He's going to be right eventually. Now seems like a likely time for him to be right.