The markets have almost reached Crispin Odey’s promised land, says the fund manager who has been waiting for a crash. As one of England’s wealthiest men looks “uncomfortably” at the stock market since the Trump election, he sees “the walk of a drunken man.” In the Odey International Fund June letter to investors, Odey looks at forgotten business cycles, falling corporate sales amid rising stock prices and central banks working in reverse. Odey: Auto industry in recession, Apple Computer stock is rising on P/E multiple expansion [timeless] June’s loss in the Odey International Fund, down -0.39%, was encouraging from at…
Crispin Odey Says Stock Market "Has The Walk Of A Drunken Man"
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.