Paul Tudor Jones Says U.S. Stocks Should 'Terrify' Janet Yellen
by Katherine Burton and Katia Porzecanski
Bloomberg Markets, April 21, 2017
Billionaire investor Paul Tudor Jones has a message for Janet Yellen and investors: Be very afraid.
The legendary macro trader says that years of low interest rates have bloated stocks valuations to a level not seen since 2000, right before the Nasdaq tumbled 75 percent over two-plus years. That measure--the value of the stock market relative to the size of the economy--should be "terrifying" to a central banker, Jones said earlier this month at a closed-door Goldman Sachs Asset Management conference, according to people who heard him.
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