Friday, August 7, 2009

Quote Of The Day: Paul Tudor Jones

Though our ranks are thinning, it seems I still have some company. The following is from Tudor's recent client letter. Paul resides squarely in the "non-idiot" camp.

“Impressive counter-trend rallies are a feature, not an oddity, of secular bear markets. We are not inclined to aggressively chase the market here. Many doubts remain about the sustainability of this recovery, most prominently the weakness of household income growth.

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