The Bearish Dynamics of the Markets

Stan Druckenmiller said in 2004 that he was starting to feel very bearish and worry about what was going to happen to the markets. It took two years for it to play out, but here's the interesting thing: The market played out exactly as he laid out. China put $4 trillion with a T, dollars of liquidity into the global financial system. In late 2015, as we were going downhill, remember the first two weeks of 2016? Oh, yeah. There was panic. Everybody was bearish. And China came to the rescue.