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Tuesday, Apr 30
Some of Wall Streets titans of finance say they are pulling away from the stock and bond...
Some of Wall Streets titans of finance say they are pulling away from the stock and bond markets, warning that central bank policies around the globe had set prices soaring too high. Apollo Management's Joshua Harris is one such manager. His advice to investors: "Run—do not walk" from bonds at current prices. He doesn't limit that advice to just bonds either. Harris warns of overvaluation in virtually all traditional asset classes. Another Apollo manager, Leon Black, agrees, calling the current market climate a "fabulous environment" - as long as you're selling.