Monday, August 11, 2014

Should This Market Be Trusted?

Leading investor and musician Roger McNamee,co-founder of venture capital firm Elevation Partners,doesn't think so,he told CNBC's "Squawk Alley" programme today.A plethora of worries from the Ebola outbreak,to gridlock in Washington D.C. and geopolitical crises have affected Mr.McNamee.The rate of chaos is increasing a lot,and to me,that just makes me incredibly nervous,McNamee said.It changes how much exposure to the market I want to have.I don't understand how you can have so much chaos in the world and still have prices going up every day.I think this is a really important time for people to ask themselves how confident are they in the fundamentals of things they own,and how confident are they that there's a happy ending this year for the economy and the stock market.
For his part,Mr.McNamee has moved about a third of his portfolio from stocks to US Treasury bonds.*
Roger McNamee managed the top-rated Science and Technology Fund and co-managed the New Horizons Fund at T.Rowe Price Associates before co-founding Elevation Partners,a firm that concentrates on the interesction of Media and Entertainment with consumer technology.He also plays guitar and bass with the band Moonalice.*
T.Rowe Price Group,Inc(TROW)

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