“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 –
“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: