Julian Robertson Warns "We Are In A Bubble Market" And Yellen Is "Way Too Easy Money"
"Steve Jobs was really a pretty terrible man... and I just don't believe bad guys do well in the long run," is the subtle way the billionaire fund managed describes the ex Apple CEO before shifting his view to the broader market. A spell-bound Maria Bartiromo was looking for any silver lining when Julian Robertson responded ominously, "we're in the middle of a kind of bubble market," and when they "prick the bubble, there will probably be a pretty bad reaction." With views on The Fed's easy-money, Twitter, and market frothiness, Robertson is a breath of truthy fresh air that we suspect will not be back on the money-honey's show anytime soon...
On Steve Jobs:
"I came to the conclusion that it was unlikely that a man as really awful as I think that Steve Jobs was, could possibly create a great company for the long term.
I just don't believe bad guys do well in the long run," Robertson said.
On The Market:
...the broader market is "fully valued" and otherwise appears a little frothy.
"I think we're in the middle of a kind of bubble market, where it's going to take something bubble-like to happen to prick the bubble and will probably have pretty bad reaction to the breaking of the bubble," Robertson said.
"Probably will not [happen] right now and somehow I think we'll wallow through the political and fiscal crisis we have in front of us and then we'll sort of see what happens."
On The Fed:
...he would not prefer Vice Chair Janet Yellen because he thinks she's "way too easy money."
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