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


To: Bucky Katt who wrote (158)9/30/1998 4:26:00 PM
From: The Ox  Read Replies (1) | Respond to of 259
 
We have seen a number of major companies warn of weaker then expected earnings. We have seen the FED orchestrate a bailout of a private company who's gambling hasn't paid off. We continue to see many market gurus claim that the only safe haven is the US dollar, yet those buying the dollar today are potentially buying at or near the top. We have banks failing to inform their customers and investors on the details and extent of their derivatives exposure. We continue to see downgrades on expected future earnings for the Dow 30, S+P 500, Nasdaq, etc. Japan's stock market broke a 12 year low last night. Russia, Latin America, South East Asia, all struggling, to put it mildly.

Hmmmmm......nice trend forming.....