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.
From other sites
Comments (4)
  • 1mp1r3t4
    , contributor
    Comments (327) | Send Message
     
    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
  • hecky
    , contributor
    Comments (89) | Send Message
     
    Who is this Stan guy?
    8 May 2013, 04:44 PM Reply Like
  • Mike Serebrennik
    , contributor
    Comments (1207) | Send Message
     
    The biggest fan you'll ever lose.
    8 May 2013, 06:35 PM Reply Like
  • BigJ1260
    , contributor
    Comments (204) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs