Bill Fleckenstein, the BEAR! Is he finally right? Message Board

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

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To: George Burke who wrote (76)	9/3/1998 10:47:00 PM
From: Justin Franks	Read Replies (2) of 259

401k PLANS ARE ROOT OF MAJOR PROBLEMS to come. It was created to enhance our cash infrastructure, put money back into businesses. However, too much capital has now built-up. This is what is causing inflated stock prices. The monies from the 401k plans are growing out of control. This has caused numbers to grow exponentially. Without 401k the market would be @ or below 5k. 401k was created as a vehicle for growth, but this vehicle is OUT OF CONTROL. Monies will soon flow out of the 401k plans (i.e. out of the market) an into national/international consumer areas. Money CANNOT be stock-pilied, it must flow. LOOK at WHAT HAPPENED TO JAPAN in the 80's. Same thing happening in U.S. now. It will get worse. 80's Japan was king. Too much capital built up internally, created a bubble and it's been popping since the 90's.

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