Beware of robber banks (RB), bad advisors.
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Bridgewater’s Dalio has some bad news for stock-market investors
Ray Dalio of Bridgewater Associates has some good news for Wall Street investors, and some bad news. First the good news: The founder of the world’s largest hedge fund, which boasts $102 billion under management, says the global economy is “at or near its best,” with few, if any major risks, on the horizon. Against, the backdrop of ever-rising equity prices, including the Dow Jones Industrial Average DJIA, -0.11% the S&P 500 index SPX, -0.15% and the Nasdaq Composite Index COMP, +0.09% hovering around all-time highs, the short-term picture looks halcyon. Even London’s benchmark FTSE 100 UKX, +0.62% closed at a ... (full story)