In this item at Yahoo! Finance, Doug Kass describes how “it’s painful” to watch and wait for overvalued stock markets to become even more overvalued before their certain denouement and that the Fed has “made a mockery of fundamentals”.
Jim Rogers was also in the news via this interview with Business Insider in which he notes:
Wait until it gets worse and it will, somewhere along the line. At which point, the Fed will panic. It’s all they know how to do, Henry, so they will pump huge amounts of money in. It’s going to go into shares, and that will cause the top. I have no idea when that will be. That’s when I would sell short. By the way, if it happens that way, one should be long, and long big time. I doubt if I will. Either I’m too smart or not smart enough. What we need is a 26-year-old. The 26-year-old will think this is wonderful. She will think she is very smart. She will make a lot of money for a while, and then it will collapse.