The following is an excerpt from Mark DeCambre | May 14, 2017 | MarketWatch.com |
Ray Dalio of Bridgewater Associates has some good news for Wall Street investors, and some bad news.
First the good news: The founder of the world’s largest hedge fund, which boasts $102 billion under management, says the global economy is “at or near its best,” with few, if any major risks, on the horizon. Against, the backdrop of ever-rising equity prices, including the Dow Jones Industrial Average DJIA, -0.11% the S&P 500 index SPX, -0.15% and the Nasdaq Composite Index COMP, +0.09% hovering around all-time highs, the short-term picture looks halcyon. Even London’s benchmark FTSE 100 UKX, +0.62% closed at a record on Friday.
“The economy is now at or near its best, and we see no major economic risks on the horizon for the next year or two,” Dalio wrote in a post on LinkedIn Friday.
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