"I don't think that individual investors or the vast majority of professional investors ... should be reacting at all to what they have to say," Brown said.Read more:
First, according to Brown, these investors usually trade off of their gut and aren't using repeatable systematic strategies."On January 17, [Joe] Kernen got an e-mail from both of them [Tepper and Druckenmiller] — they were bullish as all get out. They loved being in stocks, intermediate-term bullish, short-term bullish. They couldn't see what was coming, no one else could either, and they changed their minds," Brown cited as an example.
You’re too stupid to be in media. Dalio‘s called virtually every turn of this. “Cash is trash” was in 2019 and about AFTER the next crisis (with a debased USD). Ackman’s “hell is coming” was about a feeling he had in FEB. In MAR he was saying BUY. RayDalio BillAckman
Problem is individual investor think billionaires are trading like them! They have enough tools to construct a trade to not bet on any side.
I wouldn’t take cues from Josh Brown either
Don’t forget StockCats 🐱
FedPorn chart updated 👍
You shouldn't listen to any one of them, but if you listen to all of them, you get a wide variety of quality perspectives.
Because billionaires are bearish and the broker would lose AUM commission?
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