“We have borrowed so much that I’m skeptical that three to five years out that equities will give us any kind of return.”
— Stanley Druckenmiller (yesterday)
Many valuation metrics agree, with future expected 5-year & 10-year returns possibly flat to negative for $SPX. pic.twitter.com/wGQKUTlj7G
— Tiho Brkan (@TihoBrkan) October 28, 2020
Negative equity: through Q3, 25 companies in S&P 500 have liabilities exceeding assets, slightly beneath recent peak in Q2 but more than double number during GFC @Bloomberg pic.twitter.com/9NgNnvXvo9
— Liz Ann Sonders (@LizAnnSonders) October 28, 2020
*GREENLIGHT SAYS IN MIDST OF `ENORMOUS TECH BUBBLE': 3Q LETTER
— *Walter Bloomberg (@DeItaone) October 27, 2020
https://twitter.com/vol_christopher/status/1320806330643501056