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To: papi riqui who wrote (17787)4/2/1998 10:33:00 PM
From: Lucretius  Read Replies (1) | Respond to of 95453
 
I'm fully aware that they have been talking about this for a while. HOWEVER! I am not a regular reader of any analyst let alone Fleck. Someone pointed out that article to me after I made a very similar argument. I have only been bearish for a couple of months. I find it very strange that I am seeing the exact same things as him and was concerned BEFORE I read that article. This mkt is not acting normally. Histeria has set in. Money chasing money. It will end very badly IMO. The car and the airplane were the "technology" of the 20's that was going to increase productivity so dramatically that an ever rising mkt can be supported and everything was perfect. I see the exact same rationale surrounding computer technology. This mkt is headed for disaster, IMO. This whole mutual fund craze is to blame. I call it "allowing intelligent people to throw away your money for you and paying them to do it." Nobody remembers all the mutual funds that went under in the 70's. Charles Schwab ran one of them. When it went under, he opened a brokerage firm. go figure?

-Lucretius



To: papi riqui who wrote (17787)4/2/1998 11:03:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 95453
 
papa, Fleckenstein has a special place in his heart for DELL. He's been short since DELL was around $15 over a year ago! The man has no credibility with me.

Regards,

Paul



To: papi riqui who wrote (17787)4/4/1998 12:19:00 PM
From: Thomas M.  Respond to of 95453
 
During the last 3 years, Bill Fleckenstein has performed in line with the S&P 500. This is with a hedge fund that focused primarily on short-selling during a virtual mania in the market! He's being "vindicated" daily by his investment performance.

Tom


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