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Strategies & Market Trends : Bill Fleckenstein, the BEAR! Is he finally right?
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To: Bill F. who wrote (8)9/1/1998 7:40:00 PM
From: Serge Collins  Read Replies (2) of 259
 
This so-called rally we had today is nothing more than a Clinton bounce and a few traders trying to make a quick buck. The fact is this market is headed lower and I agree with Bill when he says Q3 earnings will stop dead in its track any sustained rally.

This volatility is a bit reminiscent of September and early October of 1987. If it persists, investors will get confused and battle weary and when that occurs they will throw in the towel. I think we could go under 6,000 on the Dow before too long.
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