“We Should See Massive Fed Intervention” – What Tudor Jones Said 29 Years Ago After Black Monday Crash

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Government, Market Commentary

“This is a market that has been seriously overvalued for some time,” exclaims Paul Tudor Jones, “and what we are seeing today is the piercing of the bubble…” adding that “Wall Street was uniformly unprepared for this kind of a drop.”
Of course Bill Griffeth asks should we buy this dip… Tudor Jones replies – so ironically on this 29th anniversary of the Black Monday collapse in the US equity market –
“we should see massive Federal Reserve and Government intervention in the FX and debt markets to stem what has unquestionably been a panic.”
But Tudor-Jones cautions:

This post was published at Zero Hedge on Oct 19, 2016.