We Are Now Set Up For One Of The Most Spectacular Financial Disasters In History
KingWorldNews.com
March 04, 2015
With global markets recenty on a tear, today one of the greats in the business sent King World News a powerful piece warning that people need to get prepared for one of the most spectacular financial disasters in history. He also discussed exactly what he is doing with his own money ahead of the coming chaos.
By Bill Fleckenstein President Of Fleckenstein Capital
March 4 (King World News) – Despite the hoopla here in America over the Nasdaq reaching 5,000 again, the rest of the world ignored that monumental “milestone” with overnight stock markets nearly all a bit lower. Even more unusual was the fact that nearly all the bond markets declined as well. I dont want to make too much of one night, but I found the development moderately interesting (I am especially focused on the action of JGBs).
As for stocks here, they were weaker after yesterday’s first-of-the-month jam job to achieve the aforementioned Nasdaq big round number, and through midday they had lost about 1% before an afternoon rally trimmed the losses to the 0.5% or so you see in the box scores.
The Rest…HERE