Count Michael Steinhardt among those thinking the stock market rally is ending (HT: Maoxian):
“The economy is still a scary place,” Steinhardt, 68,
said in a Bloomberg Television interview. “My net feeling is
that this rally doesn’t have all that much more to go and the
dangers out there remain consequential.”
More:
“Can the stock market do well in a muddling period in the
economy, where at best it grows at a percent or two for a period
of time? Maybe,” Steinhardt said at his estate in Bedford, New
York, where he keeps lemurs and zonkeys, a cross between a zebra
and donkey, in a private zoo. “But it’s not a period where you
see an effusive stock market.”
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