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Legendary Short Seller Says Stock Market Set To Crater After 8-Year Rally, But Gold & Silver Will Surprise
kingworldnews.com / March 21, 2017
With the Dow tumbling 240 points and the dollar weakening further, today a legendary short seller said the stock market is finally set to crater after an 8-year rally, but gold and silver will be the big winners.
By Bill Fleckenstein President Of Fleckenstein Capital
March 21 (King World News) – Finally, there is something to talk about, that being the nearly simultaneous break of some consequence in the dollar and the stock market actually experiencing a decline that looked a little less orderly than what we’ve been seeing, as the market lost about 0.75% in the first hour and a half (after being higher overnight)…
On Red Alert For More Red
I’m not sure if stocks were responding to the break in the dollar or the dollar and stocks are both exhausted and just happened to choose today to go. For what it’s worth, I don’t think any of the news that the media will cite as a factor in the decline had anything to do with it. It was just time, and it might be the start of something big, but we can’t say just yet, though seeing the action made me pay closer attention than I have since the election, and I actually shorted a couple of stocks to participate, just in case.
The post Legendary Short Seller Says Stock Market Set To Crater After 8-Year Rally, But Gold & Silver Will Surprise appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/21/legendary-short-seller-says-stock-market-set-to-crater-after-8-year-rally-but-gold-silver-will-surprise/
