What We Are Witnessing Right Now Is Historic & Unprecedented
June 12, 2013
On the heels of banks being accused of rigging the currency markets and the US reporting a widening budget deficit, today King World News interviewed one of the savviest individuals in the business, 43-year market veteran Jeffrey Saut, who is Chief Investment Strategist for $360 billion Raymond James. Saut told KWN that what we are witnessing right now in the markets is historic and unprecedented.
Eric King: “Jeffrey, despite the pullback, I can’t help but notice that we still haven’t had 3 straight down days in the Dow during this entire run.”
Saut: “That’s true. In fact today marks day 112 in the buying stampede. Previously, the longest buying stampeded chronicled in my notes of over 50 years was the 53 day march we saw to the upside in 2010. So it’s pretty historic what’s been going on here….