{"id":479608,"date":"2025-10-07T04:34:13","date_gmt":"2025-10-07T04:34:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/479608\/"},"modified":"2025-10-07T04:34:13","modified_gmt":"2025-10-07T04:34:13","slug":"it-feels-exactly-like-1999-paul-tudor-jones-sees-one-last-run-before-the-mania-ends-vishal-teckchandani","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/479608\/","title":{"rendered":"“It feels exactly like 1999\u2019: Paul Tudor Jones sees one last run before the mania ends – Vishal Teckchandani"},"content":{"rendered":"

\"Paul<\/p>\n

Paul Tudor Jones<\/p>\n

Legendary hedge fund manager Paul Tudor Jones says investors are entering a \u201cparty like it\u2019s 1999\u201d phase, a period of euphoric price appreciation driven by loose monetary and fiscal policy that could end badly, but not before delivering explosive gains for those willing to dance near the fire.<\/p>\n

In a wide-ranging CNBC interview, the billionaire trader – famed for predicting the 1987 crash and consistently reading the macro tea leaves – said all the ingredients are in place for a speculative blow-off top reminiscent of the dot-com bubble.<\/p>\n

\n

\u201cIt\u2019s like the Prince song –\u00a0it\u2019s 1999, party like it\u2019s 1999, right? It feels exactly like 1999,\u201d says Jones, the founder of Tudor Investment Corp.<\/p>\n<\/blockquote>\n

Between October 1999 and March 2000, the NASDAQ doubled. Jones thinks investors could see something similar over the next few quarters – provided they have what he calls \u201chappy feet.\u201d<\/p>\n

\u201cI don\u2019t know whether we\u2019ll actually replay it exactly, but I think all the ingredients are in place, and certainly from a trading standpoint, you have to position yourself like it\u2019s October of \u201999,” he says.<\/p><\/blockquote>\n

\u201cAnd remember,\u201d he added, \u201cthe Nasdaq doubled between the first week of October \u201999 and March of 2000. So it looks like a duck and quacks like a duck – it\u2019s probably not a chicken, right?\u201d<\/p>\n

\"The<\/p>\n

The Nasdaq-100 rocketed from 1,836 to 4,816 in barely a year – the final sprint of the dot-com boom.
\n\u201cYou have to play it – but be ready to run\u201d<\/p>\n

Jones\u2019 message is both exhilarating and unnerving. He says the final leg of a bull market often produces the biggest returns, but also the hardest fall.<\/p>\n

\u201cIf you just think about bull markets, the greatest price appreciation is always the 12 months preceding the top,\u201d he says.<\/p><\/blockquote>\n

\n

\u201cIf you don\u2019t play it, you\u2019re missing out on the juice. If you do play it, you have to have really happy feet because there will be a really, really bad end to it.\u201d<\/p>\n<\/blockquote>\n

He believes this cycle could be even more explosive than 1999 because, unlike then, central banks are easing – not tightening – and governments are running massive deficits instead of surpluses.<\/p>\n

Back then, the U.S. was on the verge of a rate hike; now it\u2019s heading for three or four cuts, with real interest rates heading toward zero.<\/p>\n

“That fiscal monetary combination is a brew that we haven\u2019t seen since the postwar period … and those were crazy times after the war,” says Jones.<\/p><\/blockquote>\n

\"The<\/p>\n

The S&P 500 surged about 250% through the 1950s, powered by the post-war economic boom (Source: TradingView)<\/p>\n

The winners of the final melt-up (and the exit plan)<\/b><\/p>\n

If he\u2019s right, the coming months could see \u201cmassive price appreciation across a variety of assets.\u201d<\/p>\n

And Jones isn\u2019t shy about which ones he likes:<\/p>\n