Bill Fleckenstein – My “Hate Mail” Indicator Says Major Market Turn Is At Hand

Wednesday, April 29, 2015
By Paul Martin
April 29, 2015

With continued volatility in global markets, today one of the greats in the business sent King World News a powerful piece showing that discussed a particular hate mail he received as well as the fascinating trading we have seen in major markets. He also discussed what is happening in the metals and currency markets.

By Bill Fleckenstein President Of Fleckenstein Capital

April 29 (King World News) – Overnight markets were weaker, but I don’t think that made much difference to anyone in America. I was perhaps a bit premature yesterday in saying that earnings season was over when in fact we had not heard from the biggest market cap of all, that being Apple (and I was wrong about the NFP report; it is next Friday, not this Friday). As everyone expected, that company did have a monstrous quarter, as pent-up demand for the new phone (and an upgrade to bigger screens) led to the last couple of gargantuan quarters Apple has posted.

The Rest…HERE

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