Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bill Fleckenstein, the BEAR! Is he finally right? -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (73)	9/3/1998 9:59:00 PM
From: George Burke	Read Replies (3) \| Respond to of 259

Using the "L" word to the bears is like the proverbial red flag to a (real) bull. I don't have to defend July's levels to observe that there's a lot of liquidity between Dow 9300 and Dow 5000. Besides, if anything, the latest "world financial crisis" is going to send more funds here, not dry them all up; I have to disagree that there's no capital left out there. In another move guaranteed to drive the bears apoplectic, it is also only a matter of time before at least a portion of our (former) social security contributions are earmarked for the market--maybe 5 yrs., but its coming. Take heart in the fact that after 8 years we've had a couple of months of net redemptions. Short some banks and chip makers, make a little money, and realize that there are millions of people with billions of dollars that are now so inured to the market and the magic of 401(k) that a sustained drop to 5k or below won't happen.