- Paul Tudor Jones Has A Message For Janet Yellen: “Be Terrified”
by Tyler Durden, www.zerohedge.com
Billionaire investor Paul Tudor Jones has a message for Janet Yellen and investors: Be very afraid. Echoing a number of recent high profile managers’ warnings…
Guggenheim Partner’s Scott Minerd said he expected a “significant correction” this summer or early fall, citing as potential triggers President Donald Trump’s struggle to enact policies, including a tax overhaul, as well as geopolitical risks.
Philip Yang, a macro manager who has run Willowbridge Associates since 1988, sees a stock plunge of between 20 and 40 percent, according to people familiar with his thinking, citing events like a severe slowdown in China or a greater-than-expected rise in inflation that could lead to bigger rate hikes.
Seth Klarman, who runs the $30 billion Baupost Group, told investors in a letter last week that corporate insiders have been heavy sellers of their company shares. To him, that’s “a sign that those who know their companies the best believe valuations have become full or excessive.”