Seeking Alpha

Last bear standing no more. Hendry explains.

  • "The great peril is not that the Fed finally tightens monetary policy and US stock prices suddenly tumble from what are very obviously overpriced levels," writes Hugh Hendry in his December letter, explaining his new-found bullishness. "The greater peril is that the current backdrop will turn out to mark a rapid acceleration in the ongoing move to the upside."
  • In a highly entertaining essay drawing inspiration from the classic Bob Ryan character who popped up on HBO's Entourage for a couple of episodes, Hendry notes the eerie comparison to the markets of 1928, 1982, and 1998 - all ended badly, yes, but participants made plenty of money during the boom phase.
  • "Just be long. Pretty much anything."
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Comments (2)
  • omarbradley
    , contributor
    Comments (966) | Send Message
     
    this looks like an absolutely huge oil and energy bubble about to burst. as a table pounding bull i would not be drinking the Kool Aid from perma bears now "seeing sunshine."
    6 Dec 2013, 01:19 PM Reply Like
  • King Rat
    , contributor
    Comments (610) | Send Message
     
    I clicked on the link and was overwhelmed by the negativity of the posters at that site as if they fed off of bad news.
    The guy seems to be talking out of both sides of his mouth, saying, "I am still a bear and we are still going to have a crash, just not yet. So if things go up another 30% before crashing 80% over 6 years I will take credit for predicting it and if things go up another 15% before crashing 40% over 3 years I will take credit for predicting that too."
    6 Dec 2013, 01:37 PM Reply Like
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