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The Investment Legends Are Warning of a Systemic Event
More and more insiders are warning of a potential systemic event.
The first sign of real trouble concerned a number of investment legends choosing to close shop and return investors’ capital.
The first real titan to bow out was Stanley Druckenmiller. Druckenmiller maintained average annual gains of nearly 30% for 30 years. He is arguably one of if not the greatest investor of the last three decades.
In 2010, he chose to close shop, foregoing billions in management fees.
Druckenmiller was not alone. In 2011, investment legend Carl Icahn closed his hedge fund to outside investors. Again, here was an investment legend who could lock in billions in investment management fees choosing to close up shop.
He has since stated he is "extremely worried" about stocks.
The list continues.
Seth Klarman used to manage the fourth largest hedge fund in the US. A legendary value investor (copies of his book Margin of Safety sells for over $1,500 on Amazon), Klarman returned billions in assets under management to outside investors citing “too few” opportunities in the market (again, a legend stating that the market was overvalued).
Even the perma-bulls are speaking with their actions.
Warren Buffett, perhaps the single biggest cheerleader for stocks in the last 100 years, is sitting on a record amount of cash. The reason is obvious: the market is dangerously overpriced.
His partner, Charlie Munger recently commented that he has not bought a single stock in his personal portfolio in over two years. This would once again indicate an investment legend stepped out of the market a year or so ago.
Beyond the legends, institutional investors have been net sellers of stocks in 2014 and on into 2015. The same goes for hedge funds.
Do you think they’d be doing this if they thought stocks were offering a lot of opportunities and value today?
And finally, we get to today, where one of the largest asset managers in the world at Fidelity stated that we are heading for a “systemic event... similar to 2008” and that owning precious metals and physical cash is a good idea.
The punch line?
This was a bond fund manager. One of the class of investors who have poo poo’d Gold and physical cash in the past because those assets pay next to or no dividend.
And even HE is warning that it’s time to take safety and prepare.
Smart investors should take note of this now. It is a MAJOR red flag to be watched closely.
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As we write this, there are less than 15 left.
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Best Regards
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This op has been up for days. Is everyone on vacation?
With articles by Goldcorp or Pheonix, you have to be sure their agenda does not color their opinions.
you lost me at poo poo'd
Ha! Someone else noticed.
Ditto.
Signed,
The Retard
To poo poo an idea is to deny it with contempt and derision. It's an english expression.It has nothing to do with excrement.
Who ordered the poo poo platter............?
Nothin? Not funny? A bugs life reference? whatever, I dont have to f***ing impress you people..
-slimy
https://youtu.be/jtyrYre9Et8
How's this for an event? Watch it at 8:54 if you don't have time to do anything else today.
Whenever...whatever...all I know is that when this shit blows up its going to be written about for next 200 years. We've had the Great Depression and the Great Recession. I hereby name this next "event" the "HOLY FUCK".
"poo poo’d"
Who writes like that?
Man up and say "crapped on" or "shat on".
Who uses "poo poo" in an article?!
Come on down and see our "poo poo".
NEVER had kids so I just can't relate.
Here in the states, we YanKs use "shit on" in the present and past tense.
Poo poo is something you do when you say you don't like an idea or a proposal. Like the corporate guy at a meeting with his fellow bureaucrats, when he's trying to make brownie points with the boss, by implying, in a condescending tone, that your idea is a bad one. Like correcting someone's point with arrogance, like I'm doing here.
Shut the F.. up
"Beyond the legends, institutional investors have been net sellers of stocks in 2014 and on into 2015. The same goes for hedge funds."
And if that is the case, as I have been saying for months, just WHO is buying this shit? This morning's dip looked for real. Then some things (note I did not say people) bought. And bought more. And brought things right back to yesterday's level. There has to be some thing behind the machine algos.
When the S & P should be 1,825 but is 2,100 why?
Why do you no know????? It has been telegraphed for at least 3 years
Anyone can be a legend. Get investors and buy buy buy and double buy the recessions. Well at least it worked out in the last 90 years ahah
with CHINA imploding the next few years, we are going to see events, we have never seen before, and more BS from teh GOVT...and TPTB
These bastards have conned the chinese people yet again, Just at a time that the chinese people thought the stock market would never go down again, they got them invested, and then crashed the effin' market hard!!!
Fool me once, shame on you! fool me twice, shame on me. Have a look at this silly chinese farmer, he has not only lost his own lifesavings, but this dummy lost his entire forture of his family, friends and relatives. Imagine how pissed they are.
.Watch the video here ==> http://www.bit.ly/1fMcakI
What you are seeing is the same thing in the US. The higher up we go, the worse the crash will be when it comes. We aint seen nothing yet. Probably the coming US market crash, will be like SHANGHAI times 1000. WHOA!
"teh GOVT"
Is that an example of a "poo poo" ?
Could someone explain to me when it is correct to use "the" -vs- "teh".
Ann Barnhardt uses "teh" so does that bless it?
Brilliant comment. Ever make a typo retard? Pobably not as you have to look at the keyboard to type.
"Pobably not"
See what happens when you don't look at the keyboard....yikes...made a poo poo.
Signed,
The Retard
Never mind. I found it.
https://en.wikipedia.org/wiki/Teh
Signed,
The Retard.
PS: There is always much more than meets the eye, but thanks for playing.
The problem for the markets is one easy point ...
Justify your worth! That was the problem in 2008 and it is stil the same point today.
QE may have pumped values higher but now you got to justify a bigger number. CTRL-P more?
Then comes the nextinteresting point, the poorest are actually needed through consumption and demand to justify the higher value but the central banks by ensuring money flowed only to the top create an overvalued system and all those handed all this free extra money are never going to pump the bottom of the economy to in turn then justify the value.
Its a political command economy. These investors don't decide when the next plunge and erasing of the muppets wealth will come.
It is being prudent. There is a time for paper wealth and a time for hard assets.
well a real bear would write shorts.
get your life vest out, and prepare for the storm, it will hit this fall.
What a bunch of nice legends.
Foremost, I'd like to say to Stanley, and the others like you, bless you. You are a good and decent human beings. Too bad the 20 million or so other criminals running these rackets aren't like you.
If these people are so smart why did they get out years prior to the largest bull market run in human history?
Telling people to GTFO in 2007 was a good call, telling people to GTFO in 2004, not so much....
Will be the same here, same as it ever was; timing. I think now is the time to run for the hills, like right now. Not three years ago, not tomorrow, now. If you are not out of long index equities now or getting out in the next few days / weeks I think you are behind the curve already and will regret it similar to not selling in 2007 by very bad 'returns' going forward.
Now is the time to hide in gold, now that it seems like everything is ok and we got this.
Now that people are starting to calm down you should be getting nervous I know I am.
But hell what do I know. I covered my Russell shorts a few days ago and yesterday reloaded in S&P 500 at relatively higher prices. S&P long term primary trend has broken down but secondary trend held today. We are now in an ascending triangle or bullish triangle. They tend to break higher more than lower but all things considered the indexes are all looking quite toppy here not to go all into it.
We will see by next opEx one way or another, I'll bring the DOW 18000 hats just incase.
Plausible deniability.
Would you want to shoot the nice legend who did warn you…. Even if it was 4 years to early? The Legend tried….. right.
Why did they get out prior? Sensitive nerves, maybe. Seeing farther ahead than most others. It was always their talent. Not everyone needs or wants to pull a Hans Solo flying out of the Death Star as the main reactor blows.
Han Solo didn't do that. It was Lando. Just saying.
Got your geek on, huh?
The central banks have been printing money and using that printed money to manipulate the markets for the past seven years.
As Wall Street moves further and further from reality due to above, we are in for a bigger and bigger systemic shock dislocation black swan event.
Pretty soon the Fed will lower gold price by selling to itself and raise stock prices by buying from itself. There is no such thing as markets anymore. Kinda like China.
Understand, "black swan" is the coming financial reset. "White hat" is the only remedy available to date .. (this was foreseen and planned between Nov. 1980 and Jan. 1981)
http://eagleonetowanta.com/
Who else do you know that has the net worth of 3x the GDP of China? Not any of the aforementioned "legends." Not even Bill Gates (source Forbes). POTUS #40's Totten Doctrine secret agent has $80+ billion alone in gold bullion ..
http://wantarevelations.com/2014/04/gold-bullion-purchase-order_no-au910...
Any plan is not worth its salt to anyone of import (large or small) until there is sufficient mind share. So, you et al have been duly informed ..
Can you help me time the reset?
I’d sure like to pick-up a Lexus and have the payments wiped out before making any payments.
Pretty sure no one has a net worth of $27T (3x DDP of China). Not even the rockefellers, rothschilds, warbug or lazards. Probably not even combined.
Only 7 years, huh.
Wait....weren't there only 15 copies of the Survival Guide last week?
Pretty funny, Doc, but I think it was fifty.
what are they waiting for?
5 copies left then rush to the exit?
"Investment Legends Are Warning of a Systemic Event"
As they have been for the past six years...
As I have as well.
As the stopped clock has as well.
But, but but Cramer says buy!!!!!
Yes yes, but what do you do with a Cramer when you get it home?