The current secular bull market has been masterful in its ability to keep the vast majority of market participants completely off-balance for the entirety of its inception. Whether due to macro misinformation, geopolitical calamity, unprecedented economic events or downright disbelief in a market that has done nothing but move up, the number of so called "smart money billionaires" this market has punched in the face with its persistence on the upside has been epic in scope.
Add another to the growing list. Well, actually, let's walk that back. Paul Singer has been a vocal bear on U.S. equities for a number of years now. Just today a headline came out about Singer hedging against an imminent market crash. The type of market crash that, according to Singer, will be brought on by excessive global debt paired with an imminent global economic slowdown.
These types of blurbs from bearish billionaires has been a hallmark of the current secular bull market. Every month another billionaire decides that the wealth effect of an unstoppable bull market has gone on long enough, citing any number of economic statistics one can grab to justify their bearish stance. And every month, the market has caused these billionaire investors to walk away bowlegged and sore from its persistence in a single direction....UP.
The number of bearish billionaires will only continue to grow as the market prepares for a near unprecedented move up in the coming months, built on the back of global QE, ultra-low interest rates, generally good earnings, massive misallocation of capital and an investor population that is clueless as to the power of this bull market, forcing investors to play catch up the longer it goes on.
Keep the ear plugs intact.
Invest accordingly.
Zenolytics now offers Turning Points and ETF Pro premium service Click here for details.
Disclaimer
This website is for informational purposes only and does not constitute a complete description of our investment advisory services. No information contained on this website constitutes investment advice.
This website should not be considered a solicitation, offer or recommendation for the purchase or sale of any securities or other financial products and services discussed herein. Viewers of this website will not be considered clients of T11 Capital Management LLC just by virtue of access to this website.
T11 Capital Management LLC only conducts business in jurisdictions where licensed, registered, or where an applicable registration exemption or exclusion exists. Information contained herein is not intended for persons in any jurisdiction where such distribution or use would be contrary to the laws or regulations of that jurisdiction, or which would subject T11 Capital Management LLC to any unintended registration requirements. Visitors to this site should not construe any discussion or information contained herein as personalized advice from T11 Capital Management LLC. Visitors should discuss the personal applicability of the specific products, services, strategies, or issues posted herein with a professional advisor of his or her choosing.
Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding capital markets or other financial information, is obtained from sources which we, and our suppliers believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Neither our information providers nor we shall be liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in, the transmission thereof to the user. With respect to information regarding financial performance, nothing on this website should be interpreted as a statement or implication that past results are an indication of future performance.
