Paul Tudor Jones says this 'crazy' stock market run reminds him a lot of 'early '99'

We’re “in the craziest monetary-fiscal mix in history. It’s so explosive,” billionaire investor Paul Tudor Jones says about the current stock market run. He also warns about the impact of the coronavirus outbreak in China. Davos2020

"We are just again in this craziest monetary and fiscal mix in history. It's so explosive. It defies imagination," Jones CNBC's Squawk Box at the World Economic Forum in Davos, Switzerland. "It reminds me a lot of the early '99. Early '99 we had 1.6% PCE, 2.3% CPI. We have the exact same metrics today. The difference is fed funds rate 4.75% today 1.62%, and back then we had budget surplus and we've got a 5% budget deficit ... Crazy times.

Asked if he wants to get off the train in the bull run, Jones said, "Not really. The train has got a long, long way to go if you think about it.""That's a big deal. If you look at what happened in 2003 ... stock markets sold off double digits. If you look at the escalation of the reported cases, it looks a lot like that," Jones said. "There's no vaccination. There's no cure... If I was an investor, I'd be really nervous.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paul Walker’s Personal Car Collection Brings in Over $2.3M at AuctionCar experts weigh in on the star power of the late actor, as 21 cars, trucks and motorcycles he owned were auctioned for over $2.3 million by Barrett-Jackson in Scottsdale, Arizona.
Read more »

'The Vampire Diaries' alum Paul Wesley to direct 'Batwoman' episodePaul Wesley is returning to the CW. EW has confirmed that the Vampire Diaries star will direct an episode of…
Read more »

Former Whitewater prosecutor Paul Rosenzweig slams Trump's impeachment defense as 'scream of a wounded animal'Paul Rosenzweig, former senior counsel to Ken Starr during the Whitewater investigation into President Bill Clinton, slammed Trump’s initial defense.
Read more »

Asante Samuel Says Revis' Criticism Of Sherman Is 'Crazy Stupid!!'Asante Samuels says Darrelle Revis' criticism of Richard Sherman is 'crazy stupid!'
Read more »

Mendoza cowardly blames A's Fiers for the Astros scandalJessica Mendoza Blames A's Mike Fiers For Making Astros Scandal Public (via NBCSAuthentic)
Read more »