Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

This Fantasy Is Going To Have A Brutal Ending – What’s On The Other Side Of This Will Be Depression-Like Conditions

Saturday, June 13, 2015 20:12
% of readers think this story is Fact. Add your two cents.

(Before It's News)

from KingWorldNews:

Let’s take a step back: This is now the third mania of the last 15 years. And when you go through these periods, what happens is that part way through it you get to a point where it goes on long enough that people that might have been skeptical start to kind of become believers at the margin. Then they start to forget their fears. Then they think their fears were wrong. The mania that’s underway wins more and more adherents and participants. These things go on for some time. At the same time you’ve got this structure that if the market could start down, it could feed on itself violently.

I personally don’t think the market has ever been more crash prone than it is now. I understood what was going on in 1987 and in the spring (of ’87) I said to people that this is going to end in a wipeout. I knew the structure was not going to work. It was impossible to think that everyone could get out at the same time.

Bill Fleckenstein continues @ KingWorldNews.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.