Paul Tudor Jones Says U.S. Stocks Should 'Terrify' Janet Yellen
A report on Paul Tudor Jones speaking earlier this month at a closed-door Goldman Sachs Asset Management conference. Bloomberg citing "according to people who heard him".
- Years of low interest rates have bloated stock valuations to a level not seen since 2000, right before the Nasdaq tumbled 75 percent over two-plus years
- That measure -- the value of the stock market relative to the size of the economy -- should be "terrifying" to a central banker
- Risk-parity funds have been scooping up equities of late as volatility hit historic lows, but they'll be forced to dump them quickly in a stock tumble, exacerbating any decline
- Says it's not quite time to short
- He predicts that the Nasdaq could edge higher if nationalist candidate Marine Le Pen loses France's presidential election next month as expected