Seth Klarman’s investment thesis that the stock market is headed lower could be accurate, says BTIG Chief Global Strategist Dan Greenhaus - it just might not be due to US Federal Reserve tapering.
ValueWalk was the first media to report on Klarman’s private investor letter, where the legendary fund manager said the Fed stimulus-based economy reminded him of the “Truman Show” for its false pretense.
Greenhaus considers history of Fed involvement in market stabilization
“At the root of Seth Klarman’s recent observations on equities is a fundamental disagreement that has persisted since the first moment the Federal Reserve engaged in ‘unconventional’ and extraordinary monetary policy,” Greenhaus politely noted in a
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