Billionaire hedge fund manager Paul Tudor Jones believes the ingredients are in place for a massive stock price appreciation before the bull market tops out.
“My guess is that I think all the ingredients are in place for some kind of a blow off,” Jones said on CNBC’s “Squawk Box” Monday. “History rhymes a lot, so I would think some version of it is going to happen again. if anything, now is so much more potentially explosive than 1999.”
“You have to get on and off the train pretty quick. If you just think about bull markets, the greatest price appreciations always [occurs] the 12 months preceding the top,” Jones said. “It kind of doubles whatever the annual averages, and before then, if you don’t play it, you’re missing out on the juice; if you do play it, you have to have really happy feet, because there will be a really, really bad end to it.”
Jones, founder and chief investment officer of Tudor Investment, shot to fame after he predicted and profited from the 1987 stock market crash. He is also the chairman of nonprofit Just Capital, which ranks public U.S. companies based on social and environmental metrics.
This is breaking news. Please check back for updates.
International: Top News And Analysis
Read the full article <a href="Read More” target=”_blank”>here.
