Mike Steinhardt: "No One Is Long-Term Bullish"

Tyler Durden's picture

Hedge fund icon Mike Steinhardt voices on what the smartest money on Wall Street is thinking and it is nothing good - fast forward to 3 minutes 25 seconds. Steinhardt is completely correct in saying "You can not talk about valuations readily" in this market.

In a nutshell - "Everyone is focusing on the next tick" and the follow up question: "What's going to drive growth" eventually?