Legend Warns Unknown Event May Trigger Avalanche Of Selling
July 30, 2014
Today a legendary trader and investor spoke with King World News about the Fed’s move, and also warned that an unknown event may trigger an avalanche of selling in global markets. Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros. Another legend, hedge fund manager Paul Tudor Jones, said, “Victor Sperandeo is gifted with one of the finest minds I know. No wonder he’s compiled such an amazing record of success as a money manager.”
Incredibly, Sperandeo was interviewed in Barrons in September of 1987, where, with astonishing accuracy, he predicted that the stock market would crash. The market crash took place one month later and it just added to his legendary reputation. Below are the warnings issued by Sperandeo.
Eric King: “Victor, the Fed has tapered another $10 billion and they are talking up the economy.”
Sperandeo: “The reason the Fed has to stop QE is because in 2008 the Fed balance sheet as a percentage of GDP was 6 percent, and now it’s a staggering 26 percent….