Buy gold and "get out of the stock market," legendary billionaire investor Stanley Druckenmiller, advised investors this week at an investment conference in New York. Druckenmiller, who has one of the best long-term track records in money management, said the stock market bull market has “exhausted itself” and that gold “remains our largest currency allocation.”
“I think you need to prepare for a Trump presidency.” That’s Jeffrey Gundlach, CEO of DoubleLine Capital. During a presentation at the Sohn Conference, Gundlach recommended that investors sell the utilities index and shot toward mortgage REITS. But the key quote from Gundlach’s talk was his expectation that Trump can win and offered a key tagline that made him bullish on Trump.
A respected reporter recently asked me what were a few important things I had learned from all this and all of that during the past decade and I surprised myself and perhaps him by answering that I now realized that younger generations – the Xers and Millenials – were far different generations from my own. “How so?” he asked.