No announcement yet.

Billionaire investor Steve Cohen sees a bear market heading our way

  • Filter
  • Time
  • Show
Clear All
new posts

  • Billionaire investor Steve Cohen sees a bear market heading our way

    All good things must come to an end. And in case you’ve forgotten — which would be understandable, given the historic longevity of this bull run — that also applies to the stock market.

    Steve Cohen, the billionaire hedge-fund investor, is the latest high-profile Wall Street player to remind us the boom times have a shelf life.
    “I don’t think returns over the next two years are going to be very good. If the market hangs in there, there’s just going to be marginal returns.
    That’s a pretty big “if.”

    Cohen was speaking Tuesday to a packed house at a fundraiser, which included former New Jersey governor Chris Christie, according to the Financial Times.

    “We’re definitely late cycle,” explained Cohen, who rarely comments publicly about the stock market. “So at some point we’re going to enter a bear market, and it’s going to happen in the next year and a half, maybe two.”

    Cohen, whose SAC Capital Advisors firm pleaded guilty to securities fraud in 2013, is diving back into the business after an SEC ban on him managing capital for clients was lifted. He says he’s already raised $5 billion for his new fund.

    In Tuesday’s wide-ranging chat, Cohen also spoke about his billion-dollar art collection, playing poker in high school and watching ticker tape while studying at Wharton, the Financial Times reported.

    As a funny aside to the conversation, Glenn Fuhrman, the co-founder of MSD Capital who was conducting the interview, joked that Cohen is no Warren Buffett of Berkshire Hathaway BRK.A, -0.92% .

    Cohen’s response: “And Warren Buffett’s not me.”

    As for the market, the Dow Jones Industrial Average DJIA, -0.81% reversed into the red early in Wednesday’s session.
    - Marketwatch
    Platinum Swing Trade Stock Alerts(FREE 14-Day Trial)

    The 10-Buck Broker (Long-Term Stock Picks)

    Best Stock Picking Services

    Sign up for the forum to reply to this post!!!

    Best FOREX Signals Software

    Stock Market Investing For Beginners

    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."

    Good KARMA and positive energy abound.

    Terms Of Service

    Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

    Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.
    Best stocks to buy now Stock Market
    Best stocks to buy now
    Dow Jones TodayDJIA