I think it is going to be big trouble JR Ewing . I think we have a disaster looming largely at this point.
It's sad, but true. Globalization isn't a new concept, but I think that it may start rearing its ugly head unlike we've ever seen before. The markets are so closely tied that one tiny blip could cause worldwide issues.
I saw yesterday morning that hedge fund great David Tepper is now "nervous", and went from 120% long to 60% long. Tepper has been very vocal about being very bullish under the Fed's 5-year QE, and he's made many billions during that time. Now he's saying "I'm not saying go short, but don't be too fricken long!". Another guy who's a terminal bull whose name escapes me right now is also suddenly bearish.
