BILLIONAIRE PAUL TUDOR JONES ON BUYING THE S&P 500 RIGHT NOW:
“IF YOU BUY THE S&P AT THIS CURRENT VALUATION, THE 10-YEAR FORWARD RETURNS ARE NEGATIVE WHEN YOU BUY WITH THE S&P P/E OF 22. THAT'S WHAT HISTORY SHOWS.”
JONES CALLED THE 1987 CRASH BEFORE IT HAPPENED.
HE'S NOT PREDICTING A CRASH.
HE SAYS THE CURRENT SETUP IS MORE LEVERAGED THAN ANYTHING HE'S SEEN, INCLUDING 2008.
“THE STOCK MARKET'S REALLY HIGH, AND IT'S GOING TO BE REALLY HARD TO MAKE MONEY FROM HERE.”