Thursday, April 12, 2012

Michael Steinhardt is not "wildly bullish"

Hedge fund pioneer Michael Steinhardt was on Bloomberg today and he bemoaned the state of the economy and Wall Street ("The spirit, excitement, and vigor of Wall Street is gone"), saying that he had no reason to be "wildly bullish." "We don't hear (the Fed) talking about widows and orphans. Who has benefited from low rates? It's been the banks."

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