Stanley Druckenmiller is a big swinger hedge fund manager, gained fame as offsider to George Soros, then heading up his own frim
WSJ had a few snippet comments from him
- "defensive stocks have been going straight up since May. All the economically sensitive stocks have been going down since May. They're predicting we're in a very, very late cycle"
- Says the Fed should wait and "see what happens."
- Risky to be tightening now
- "The leveraged loan market is two times what it was in 2007"
- Says Fed QE "encouraged more malinvestment...than at any time I can ever remember. We're in the most economically disruptive period since the 1880s and there's been no bankruptcies. As quantitative easing turns to quantitative tightening, all these zombies are going to be exposed."
