Bill Fleckenstein Warns The Wise Guy Trade Is Coming To An End And The Dislocation Will Be Quite Scary
KingWorldNews.com
Sept. 13, 2015
With the world waiting to see what move the Fed make this week, today one of the greats in the business warned King World News that the wise guy trade is coming to an end and the dislocation will be quite scary.
Eric King: “You’ve been talking for some time about the ‘fantasy’ coming to an end. We’ve seen that a bit in the U.S. stock market recently and obviously over in China as well. But this idea that the fantasy is coming to an end and the stock market has finally topped — a top is now in place in your opinion?”
Bill Fleckenstein: “Yes, I think it is. But it’s a process. People have made a lot of money (being long stocks) and haven’t been stressed much since 2009, and they’ve forgotten about all these (bearish) things and they still believe in the central banks…
In Volatile Markets, Is Wealth Preservation King?
The Rest…HERE
