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Julian Robertson sees TWO bubbles brewing
Hedge fund pioneer Julian Robertson has bad news for those who fear bubbles: There are at least two brewing in the markets now. The Tiger Management founder believes that even though "the economy is getting better," there are dangers brewing beneath the surface. "The first bubble is that bonds are at ridiculous levels, so that the saver, the small charity, has no place to put his money except into stocks," Robertson said at the Bloomberg Markets Most Influential Summit. "I think that situation is serious on that score. Nobody seems to be concerned about that. "It's a worldwide phenomenon that governments are buying ... (full story)