Famed hedge fund manager and Silicon Valley guru Andy Kessler says this is a sucker’s rally…you can’t print prosperity, it comes from productivity.
“Bernanke’s cranking the handle on the printing press to help the public fund the bank problems instead of the US government…as soon as he stops cranking the handle, the bottom falls out on this thing.”
“I don’t want to be the sucker buying into this market.”
“You can’t print prosperity.”
Pure gold from Andy, as usual.
Check out his full comments at the 18-minute mark of this video: