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Strategies & Market Trends : Bill Fleckenstein, the BEAR! Is he finally right?

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To: Tommaso who wrote (255)8/6/2002 11:02:21 PM
From: Eashoa' M'sheekha   of 259
 
Well Your Comparisons Seem At Little Drastic.Butttt......

For the less than nimble and objective stock warrior , I guess you could reference those " interesting " times in history.But Bill's target audience was indeed supposed market savvy investors/gamblers, not yer stay behind and milk the cow type MU fund investors.Oui?

The story may not be over on silver, but it is older than the silver screen itself.Which , by the way , is going completely digital as well as most, if not all, other means of film and photography.This was the mainstay of demand for silver.

You are correct in that he wasn't as bubbly about gold as he was silver, but that has it's shortfalls too.Where goes gold...so goes silver to a very large degree.

And yes, the mania , or at least the desire for one , still exists.Those who say never again will be there with silver bells on ready to jump into the next - next big thing.Human nature I suppose.Get rich quick and all of that.

Many stocks are overvalued if you are negative on future prospects for the economy or for profits going forward. Yet history is on the side a rising market with intermediate bear markets along the way.This one has been brutal due to the bubble bursting effect and overcapacity built during the mania.Many companies are becoming lean and mean and will return to profitability again, well positioned to take advantage of future economic up swings.

Will you be there for the transition?

PS: Don’t get me wrong here.I like Bill’s style and think he’s a sharp cookie.But even SHARP cookies can crumble under the weight of a BULL – doser…….heh heh heh
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