Oil, wow, WTF happened to all of the oil bugs on this site?

[finetrader]

Come on guys..

You can do better than that

[Cardboard]

Yup, December 21 Druckenmiller thread:

 

"Glad that the Fed is staying the course.  Time to take the pain.  Get those rates up there and normalize yields.  Back in the late 90's, you could get Treasuries for 7% yields.  I remember my savings account had 5% yields.  Not everything revolves around equities.  In fact, if you bought bonds in the late 70's and rolled over duration yoy, you would have returned something like 15000% to 2009. 

 

Anyways, I'm all in cash / cash eq.  Going long bonds soon.  My thesis is when we get another recession and corporate bonds start blowing up, the Fed will revisit ZIRP.  T-bills will go ballistic again."

 

At least I have one, a head...

 

Cardboard