Danny Baldus-Strauss
@BackpackezFIFormer corporate junkie turned entrepreneur & investor | 52 countries | $0 to Multimillionaire by 30 I Helping you escape the 9-5
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Klarman: "I'm more worried about the world broadly than I've ever been in my career... I’d be worried we’ll have another 10 years of zero returns." Scary stuff indeed... the only problem is that it's from May 2010. For what it's worth, the S&P 500 is up >3x since he said it.
FOMC meeting this week. Most "expect"+75bps. The market's reaction to Aug CPI report was one of 10 worst since 1970, but most occurred near market bottoms; the return going forward averaged about 19% over 6-months with a near 90% win rate.
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