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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: octavian who wrote (42397)1/26/2009 11:20:22 PM
From: Skeeter Bug  Read Replies (1) of 42834
 
>>--In case anyone doesn't know it, this fleckenstein character is a permabear and a doomsayer going WAY back.<<

and he was right the whole time, hence, the complete collapse of the american banking system and the loss of jobs at an annual rate of well over 6 million jobs (40k+ today alone).

you don't realize that in order to run this market away from the bad fundamentals that fleckenstein reported on, the government had to put the entire world's economy at substantial risk...

you have no clue how bad things *really* are do you?

btw, he closed his bear fund and said he isn't so bearish anymore. he's not excited about the market, but says there will be some good long term buys once things shake out a bit more.

you see VALUATIONS changed, so his point of view changed.
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