I feel today the way I felt in 1999-2000. The way I felt in 2007. Where the cycle is getting very extended. Things feel really excessive. And it’s really frustrating, because I feel that the markets are not pricing risk properly, and yet they keep going up. And I really feel like banging my head against the wall. In the most recent issue of my newsletter, I say I spend more time at the gym because the alternative is banging my head against the wall, and that’s ......
Michael Lewitt is the founder of The Credit Strategy Group and was one of the few investors to forecast the credit crisis of 2001-2002 as well as the financial crisis of 2008. It’s always interesting to hear from someone with a track record and unfortunately, he has a far less than optimistic view of yield situation today. You can read more about him here.
