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Bear Forum
Fleckenstein Says Sell Before The End Of
Posted By: Bill G.
Date: Monday, 11 June 2001, at 6:30 p.m.
the year or face big losses in his comments tonight. Below is his last paragraph.
"Profits of Doom Ladies and gentlemen, it's time to face the music. Sometime between
now and the end of the year, even if it does manage to rally, the market is going to be
crushed, and you will be hurt. This wipeout is not avoidable. The time to do something
about it is now, while you still can, not when the assault has begun. I am sick and tired of
all the gemutlichkeit spewing from Wall Street and the Fed and Bubblevision and certain
print publications. We had the biggest bubble in the history of the world. It has caused
significant economic damage, and that damage is spreading. Make no mistake, ladies
and gentlemen, no one is going to rescue you. But, it is not too late to rescue yourself."
Don Hays is also looking for this bear market rally to end by the end of the year. Maybe
in the Aug-Oct time frame. He is in his 3 stock models from 77-44% in stocks. But after
the end of this bear market he sees a great bull market.
An article in this weeks Barrons say about the same thing. Saying when ever you have a
2 sigma bull market, it always has given back all its gains. Yes all its gains. Forgot what
2 sigma is. Somewhere about 90-98% out of the ordinary in percent rise, as I
remember.
So I am long 39% in value stocks, but I will be watching carefully for the exits. Have to
think about going more long. >>>> |
