“We think the Australian dollar will come down and will come down hard”
Stanley Druckenmiller - Duquesne Family Office
- Stock Idea - Long GOOG
- Commences by calling QE a nuclear weapon and believes that Bernanke has embarked on the wrong policy. But he notes that listening to Bernanke shows that he's not going "wobbly anytime."
- No condition of Bear market until Fed changes - so expect the market to continue to rise.
- On commodities, he says that the super-cycle is ending and believes that their a "poisonous cocktail" in commodities when it comes to China.
- He says he thinks the AUD will sell-off hard.
- He is bullish onGOOG - says that its a great tech company and notes some of their new technologies pushing from glass to auto.
No comments:
Post a Comment