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The recent selloff in commodities (DBC) is not a correction, says Stan Druckenmiller, now on...

The recent selloff in commodities (DBC) is not a correction, says Stan Druckenmiller, now on stage at Ira Sohn, but instead the end of the supercycle. Avoid commodity markets - Brazil (EWZ, BRF, BRL), South Africa (EZA, SZR), Canada (EWC, FXC). "Frankly, I'd short the aussie (FXA)." His largest equity holding? "I can't imagine a better position than Google (GOOG)" - selling for 16x earnings and no exposure to China.
Comments (4)
  • What an irresponsible recommendation! Place your bets! All bets on Google. The odds are against you, but be stupid and throw it all on GOOG. Cross your fingers and say a prayer. The gamble may not pay off, but what the heck. After all, Stan Druckenmiller has nothing at stake on whether you win or lose. It's YOUR money.
    8 May 2013, 03:07 PM Reply Like
  • Who is this Stan guy?
    8 May 2013, 04:44 PM Reply Like
  • The biggest fan you'll ever lose.
    8 May 2013, 06:35 PM Reply Like
  • 16x PE is for 2014 earnings
    and NO exposure to China is seen as a positive ??
    Great, after all, they are only about 25% of the worlds population
    9 May 2013, 05:20 PM Reply Like
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