What I don't get is why anybody would buy a negative rate bond (a guaranteed loss) when you could just hold fungible cash instead. It just shows how gullible the sheeple are, or some of them.
You can't keep a bull market going on a crumbling foundation. Until the new issue market shows a pulse, SELL "FANG" & other "pet" stocks--HD etc.
This in my opinion is why "FANG" stocks show major cracks in the foundation.
Imagine what happens if layoffs in tech accelerate. This is probable since the new issue market for startups has no pulse.
Former head of UBS Paine Webber, so he is no permabear. If SP500 falls 20%, FB could fall 40%+--twice the leverage of SP.
Just now on CNBC.
This looks good for a run.
He keeps pushing them to the top.